I received a Plan Cost Summary from Blue Cross and Blue Shield of Massachusetts for my coverage amount. It is $426 per/month. This is sent out every year to plan participants and gives you your monthly plan cost. I have been paying $650 per/month to my former employer (business was sold). That is 50% higher than the plan cost. Who should I contact? Where can I find what my plan costs under COBRA? I need a statement showing how much was paid on my behalf to the cobra plan.
In order to find out how much you’ve paid in COBRA premiums, you would need to contact your previous employer’s COBRA Administrator. That could be someone at the business that bought out your old employer or they could have hired a third party administrator who you make your payments to. To find out which one it is, you will have to contact the human resources department of the business that bought out your previous employer and ask to get in contact with their COBRA Administrator.
COBRA is a law (not a separate insurance company) that requires employers with 20 or more employees to offer the continuation of the same group health care coverage after you’ve voluntarily or involuntarily left your job. The only way to cancel COBRA is to have a qualifying event that would make you eligible for new insurance.