Is Cobra Health Insurance Good? 
In simple terms , a COBRA health insurance is a short-term continuation of the exact same group health plan you had with your employer prior to termination from that job . So , if you liked the coverage provided by the plan prior to termination , you will still like the coverage provided by the plan under COBRA administration because it is the same plan . What you may not like is the cost under COBRA administration . Many people incorrectly assume that COBRA rates are excessively higher than the rates you paid while employed . This is incorrect . By law , your insurance rates under COBRA can not exceed 102 % of the rate you were paying before termination . So , why does the COBRA premium seem so much higher than the premium prior to termination ? The answer is your employer 's contribution to your health insurance . While you were employed , your employer was definitely paying a portion of yours , the employee 's , health insurance premium . If you worked for a `` benefits rich '' employer , they may have been paying all your premium and even contributing some to your dependents ' coverage . Under COBRA , the employer no longer is responsible to contribute anything to your health insurance premium . You are therefore responsible for 100 % of your portion of the premium as well as that of your dependents . That is why the COBRA cost is more than you were seeing while employed . So , the real question then becomes is it cheaper for me to continue with my current group health plan under COBRA , or is there a better alternative in the personal health insurance marketplace . The only way to answer that question is to solicit quotes from personal health insurers . 