Is COBRA good for 36 months?


Editorial team Published on

COBRA is generally not a good long-term financial choice for 36 months because you must pay the full premium plus a 2% administrative fee without any employer contributions.

⚠️ The Downsides of 36 Months on COBRA

  • High Cost: Premiums often cost double or triple what you paid while employed.
  • Total Expense: Paying full freight for three years can drain personal savings rapidly.
  • Temporary Fix: It is designed as a short-term bridge, not a multi-year solution.

💡 Better Alternatives to Consider

  • Health Insurance Marketplace: Often much cheaper through subsidies if your income dropped.
  • Spouse's Plan: Joining a working partner's employer plan is usually more affordable.
  • Medicaid: Free or low-cost state coverage if your current household income qualifies.