Enroll By Midnight Tonight. Coverage Starts Tomorrow!

  1. Knowledge Base
  2. COBRA Premium & Payments
  3. Are COBRA Insurance Premiums Tax Deductible?

Are COBRA Insurance Premiums Tax Deductible?

Are my COBRA premiums deductible?

Yes they are tax deductible as a medical expense. There isn’t necessarily a “COBRA Tax Deduction”. You can only deduct the amount of COBRA medical expenses on your federal income tax in excess of 7.5% of your Adjusted Gross Income and then only if you itemize deductions.

Are You Paying A Lot For COBRA?

When you elect COBRA insurance to stay on your work health plan, you pay your portion and the subsidy your employer had paid. If a third-party administrator coordinates the enrollment and billing they may add a 2% fee on top. In other words, you pay the whole premium and then some.

Or, Save Up To 70%

COBRA Alternative

Try Short-Term Health Insurance
$80/month*
With coverage starting tomorrow!

Get A Quote, Enroll Online
View Plans

Call us
877-262-7241

insurance agent enrolling individuals in temporary accident insurance*Based on age and state availability

Are You Eligible For COBRA?

"check
Take Our Survey