Comparing the Cost of COBRA Insurance and Alternatives
See side by side comparison for the cost of COBRA vs. other health insurance options.
An important step in determining if COBRA insurance is right for you is finding out if the monthly and yearly cost will work with your current budget and financial needs. The following estimates represent typical costs for a relatively healthy individual or family. However, since insurance rates depend heavily on age, location, health status, and gender, the best way to compare costs is to get quotes using your specific information.
Cost Comparison Chart: Monthly COBRA Insurance and Alternatives †
|
Individual |
Family |
| COBRA |
$600 |
$1,084 |
| Individual or Family Health Insurance |
$231 |
$420 |
| Catastrophic Insurance |
$100 |
$180 |
| Short Term Health Insurance |
$120 |
$216 |
| High Deductible Health Insurance |
$51 |
$92 |
Cost Comparison Chart: Yearly COBRA Insurance and Alternatives †
|
Individual |
Family |
| COBRA |
$7,200 |
$13,000 |
| Individual or Family Health Insurance |
$2,772 |
$5,040 |
| Catastrophic Insurance |
$1,200 |
$2,160 |
| Short Term Health Insurance |
$1,440 |
$2,592 |
| High Deductible Health Insurance |
$612 |
$1,104 |
† Based on a healthy individual or family in 2010. The plan you choose will likely vary from this based on age, gender, health status, location, as well as chosen co-payments, deductibles, etc.
