HomeFinancial Glossary › COBRA

COBRA

Insurance
A federal law allowing employees to continue employer health insurance for up to 18 months after leaving a job, at full cost.

Example

Example: When shopping for coverage, understanding cobra helps you avoid overpaying or being underinsured. For a family of four, the difference between plans that handle cobra differently can mean $2,000-$5,000/year in out-of-pocket costs. Compare plans with our insurance comparison calculator.

Related Calculators

Related Terms

← Back to Financial Glossary