Q: How much does COBRA insurance cost?
A: COBRA is not an insurance company.
COBRA is a federal law 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, or have had your work hours reduced.
Typically, COBRA is much more expensive. In addition to what you paid as an employee, you also pay the employer’s contribution to your health insurance, plus a 2% administrative fee. This can really add up, and many people are looking at $400-$500 per person, per month.
You have two alternatives to COBRA, if you choose. You can either enroll in a individual qualified health plan, or an alternative plan to COBRA. We can assist you with both. Click href=”https://cobrainsurance.com/ here for a quote, or call us at 1-877-279-7959 (8am-5pm CST) and we can help you find an alternative plan.