My COBRA insurance payment seems pretty expensive. Why is that?
When you elect COBRA coverage you are responsible for paying the full premiums of that group health plan. You will be paying the portion you normally pay and the employer’s portion of the premium. The employer can add up to a 2% administrative fee. Generally, you can not be charged more than 102% of the applicable premium.
Low Cost Insurance Alternatives
If the cost of COBRA is not in your budget, 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.