I’m interested in getting COBRA Insurance. How much is COBRA?
On Average, COBRA Costs $400 – 500 Per Person
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. 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 is a third party administrator.
COBRA usually costs between $400-$500 per person per month. You end up paying for the entire premium, whereas your previous employer subsidized a portion of that as a benefit. There are alternatives to COBRA continuation available.