COBRA Insurance
National Covid-19 Pandemic: Changes In Deadlines, Federal Subsidy

Are COBRA Insurance Premiums Tax Deductible?

Are my COBRA premiums deductible?

Yes they are tax deductible as a medical expense. You can only deduct the amount of COBRA medical expenses on your federal income tax in excess of 7.5% of your Adjusted Gross Income and then only if you itemize deductions.

Are You Paying A Lot For COBRA?

When you elect COBRA insurance to stay on your work health plan, you pay your portion and the subsidy your employer had paid. If a third-party administrator coordinates the enrollment and billing they may add a 2% fee on top. In other words, you pay the whole premium and then some.

Save Money With An Alternative To COBRA

There are alternatives to COBRA continuation available. Get an affordable insurance quote or call us at 877-262-7241 and we can help you find an ACA certified health plan.

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