What Methods Of Payment Are There For COBRA Insurance?
Will COBRA either accept payment by electronic bank transfers or by credit card?
Generally, the employer will process the monthly COBRA premium payments they receive by mail in the form of check or money order, made payable to the employer. Who and how to pay will come in your continuing insurance paperwork within 45 days of medical insurance ending.
Third Party Payment Processors
Often times larger companies will use a
third party to administrate the continuation of COBRA insurance. You may have the option to pay online, if so, they will send you a COBRA login for your account. You’ll need to check with the plan administrator.
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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:
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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