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What Is The Cost Of COBRA?You usually must pay the entire premium (monthly payment) for your group plan. When you get COBRA, your employer will no longer pay a share of the health insurance costs. For example, if your group health plan costs $200 each month, your employer might have paid $140 and you paid $60. If you lose your group insurance and qualify for COBRA benefits, you have to pay the entire $200 yourself. You can be charged up to 2% more to administer the plan. In this case, your COBRA premium would be $204. Though you will pay more for your group health plan with COBRA, it usually costs less than buying similar individual health insurance and gives more benefits. Source: AARP
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