I recently received my COBRA paperwork from my previous employer. The COBRA rate for my high deductible ($2.5K) plan is $532/month! I looked on the exchange, and I can buy a comparable plan for around $200/month. The COBRA administrative fee is only 2%, so that tells me my former employer has either an extremely unhealthy risk pool or is the world's worst negotiator. My employer 2 jobs ago had a Cadillac plan, and their COBRA was less than my most recent employer's.
On a related note, the health insurance for my new job starts on day 91. My current coverage is good until mid-Sept. I bought a 2 month short term policy for under $100 total on ehealthinsurance.com.
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