Health Insurance Basics
What is COBRA health insurance?
COBRA allows you to continue your employer-sponsored health insurance for up to 18-36 months after losing coverage. You pay the full premium — both the employee and employer share — plus a 2% administrative fee. COBRA is typically more expensive than ACA marketplace coverage.
Key Points
- COBRA: continue employer-sponsored coverage after losing it
- Coverage duration: up to 18-36 months
- Cost: full premium (employee + employer share) + 2% admin fee
- COBRA is typically more expensive than ACA marketplace coverage
- Compare COBRA vs ACA marketplace before choosing