How Much Does COBRA Insurance Cost?

I’m interested in getting COBRA Insurance. How much is COBRA?

On Average, The Monthly COBRA Premium Cost Is $400 – 700 Per Person

Continuing on an employer’s major medical health plan with COBRA is expensive. You are now responsible for the entire insurance premium, whereas your previous employer subsidized a portion of that as a work benefit. Often times there is a 2% administration fee that may be legally added on.

What Is COBRA?

COBRA is a federal law that requires employers with 20 or more employees to offer the same group health care coverage after you’ve voluntarily or involuntarily left your job or have had your work hours reduced. Because COBRA is simply the same coverage you had through a previous employer, you would need to contact the COBRA Administrator at your previous employer to begin or cancel coverage. Typically, the COBRA Administrator is in the HR department or the company that sponsored the insurance may use a third party administrator.

Do You Qualify For COBRA?

If you are unsure if you qualify for COBRA, please try the Quick Check Eligibility Survey.

Licensed Insurance Agents

Do you have more COBRA questions? Try contacting a healthcare.gov certified insurance specialist. These COBRA customer service agents are licensed in all 50 states. They can offer advice and alternative plans that best suit your needs.

You Can Save Money With Short-Term Medical Insurance

We are COBRAinsurance.com — a private health insurance agency, publishing information on how the federal COBRA law works. We also provide an alternative to COBRA if it is unavailable or you simply can not afford it. You can remain insured and have health coverage for new illnesses or injuries with Short-Term Medical Insurance

Call For Advice: 1-877-262-7241

Get A Quote On Short-Term Medical Insurance

Related Knowledge Base Posts

Are You Eligible For COBRA?

"check
Take Our Survey