Does My Employer Keep The Same Deductibles While On COBRA?
I belonged to a private sector health insurance plan and was terminated and picked up my COBRA option. Does my former employer have to honor their contribution of $2000 to the deductible, which was part of the plan?
Generally, COBRA is a continuation of the same group health insurance that you had the day before the qualifying event. You should have the same deductibles as a similarly situated active employee. All of your accumulated amounts towards your deductible should continue as though the qualifying event had not occurred.
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COBRA Eligibility
Tax Deductions While On COBRA
Your COBRA premiums and out-of-pocket expenses are tax deductible. The amount of deduction on your income taxes needs to be a portion of your gross adjusted income and only applies if you itemize.
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Common Third-Party Administrators
Your COBRA plan may be managed by a third-party administrator. Many employers work with the following:
- WageWorks / Conexis
- BenefitConnect EHR
- Discovery Benefits / WEX
- TASC
- Employee Benefits Corp (EBC)
- Lifetime Benefit Solutions
- Navia Benefit Solutions
If you are unsure who your plan administrator is, reach out to the human resources department of the company that provided the health insurance you had.
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