How much will the COBRA self-payment cost?
The Board of Trustees have instituted a temporary pilot program, whereby the Health Fund will subsidize a portion of your COBRA payments for the first three (3) consecutive months of continuation coverage. Certain participants and beneficiaries are not eligible for the subsidized COBRA. Refer to Amendments 15b and 26 for more information. The self-payment will be $50.00 per month for the first three consecutive months of continuation of your “Basic Coverage” of hospital/medical and prescription drug benefits. Benefits for dental and vision can be added for an additional cost. Thereafter, on the fourth month of continuation coverage, the self-payment will increase to the full amount allowed under COBRA.
