Where do I send my COBRA Insurance payments?
Generally, the employer will process the monthly premium payments they receive by mail in the form of check or money order, made payable to the employer. In some cases, the employer will use a third-party administrator to help with enrolling and billing. If that’s the case, you will need to work them, as they will become the COBRA Plan Administrator. Also, please note TPAs will tack on a 2% administration fee.
Third-Party Administrators May Have Other Ways To Pay
Though your insurance stays the same on COBRA, how you pay for it is different. Previously, you may have paid for your work insurance with a payroll deduction. When on COBRA continuation, the payment is often mailed in. Though, other methods of payment are available by some COBRA Plan Administrators who have online account management.
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.