How Much Is It To Cobra Health Insurance? 
In short , COBRA is an extension of the current group health insurance plan offered to employees after they have left the company . This coverage can be kept for up to 18 months and is only available to individuals and families covered under a plan with more than 20 employees enrolled . Premiums for COBRA coverage are 102 % of the total cost of insurance this is important because many employers pay for part of the cost while the employee is still working . If you were only paying half of the premium before and your employer paid the other half , you would now be paying the entire thing yourself plus 2 % . Please note , COBRA election applies to each person individually that is covered under a given policy . If five family members are covered under a COBRA policy , they can all accept the coverage or accept it on an individual basis -LRB- for example , one or two family members accepting and three or four rejecting -RRB- . This is important because individual market health insurance can often be much less expensive than a COBRA policy , which can average $ 1,200-1 ,500 for a family and upwards of $ 2,500 per month for Cadillac plans at some companies . If you are in good health and offered COBRA coverage , do n't wait until it expires to look for a new policy . Please let me know if I can be of further assistance . Thanks very much . 