Will COBRA either accept payment by electronic bank transfers or by credit card?
Generally, the employer will process the monthly COBRA premium payments they receive by mail in the form of check or money order, made payable to the employer. Who and how to pay will come in your continuing insurance paperwork within 45 days of medical insurance ending.
Third Party Payment Processors
Often times larger companies will use a third party to administrate the continuation of COBRA insurance. You may have the option to pay online, if so, they will send you a COBRA login for your account. You’ll need to check with the plan administrator.
Affordable Temporary Health Insurance
If you are fairly healthy and still want to remain insured, alternatives to COBRA insurance may be available based on where you live. Short-term health insurance is a popular option and available in most States. This can protect you from high medical costs of new injuries or new illnesses that unexpectedly occur while allowing you to use any licensed doctor. Coverage is available up to $1 million per person. For more information and pricing, you can call us at 1-877-262-7241 or complete a free quote online.