Where Are My Payment Coupons For COBRA Coverage?
I am enrolled in COBRA coverage and was wondering when my payment coupons would be mailed for April.
Because COBRA is simply the continuation of the same coverage you had through a previous employer, you would need to contact the COBRA Administrator at your previous employer to find out about your payment coupons. Typically, the COBRA Administrator is in the HR department.
Other Methods Of Payment
COBRA Premiums are made to the plan administrator. Find out which methods of payment are taken by checking the paperwork you received from the employer or their third-party.
COBRA Premiums Are Expensive
When you pay for COBRA continuation, the cost may be unaffordable. The reason is that you are paying the full health insurance premium, including the portion your employer paying and in many cases a 2% administration fee for a third-party administrator.