An important part of anyone’s decision making process with COBRA insurance is understanding COBRA insurance premiums. Here is a list of important things to know about your COBRA health insurance premiums. Learn how to calculate your COBRA insurance premiums here.
- COBRA insurance premiums are the full cost of the health insurance plan, without any employer help
- COBRA insurance premiums usually cost up t0 80% than what an employee is used to paying
- COBRA insurance premiums include a 2% administration fee
- If COBRA premiums are not paid on time then the plan will be cancelled in most cases
- You must pay the premiums for the entire retroactive period when you sign up
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