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  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.

choose COBRA Or An Alternative

COBRA Alternative:
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$80/month*
Covers An Insurance Gap
Until Your Next Work Health Plan Starts

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