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An employee insured under a group health plan has been paying $25 monthly premium for his group health coverage. The employer has been contributing $75, for the total monthly cost of $100. If the employee
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An employee insured under a group health plan has been paying $25 monthly premium for his group health coverage. The employer has been contributing $75, for the total monthly cost of $100. If the employee leaves the company, what would be his maximum monthly premium for COBRA coverage

User Thebadguy
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1 Answer

5 votes

Answer:

$102

Step-by-step explanation:

Calculation to determine would be his maximum monthly premium for COBRA coverage

Based on the information given The employer will have to obtain a PREMIUM from the employee that was TERMINATED at a rate that is NOT HIGHER THAN 102% of the individual's GROUP PREMIUM RATE.

Hence;

Maximum monthly premium for COBRA coverage= 102% * $100

Maximum monthly premium for COBRA coverage=$102

Therefore would be his maximum monthly premium for COBRA coverage is $102

User Xzilla
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