Keeping your health plan after leaving a job
Published May 30, 2026
COBRA is a federal law that lets many employees keep their employer health coverage for a limited time after leaving a job or losing eligibility. It preserves the same plan, but you usually pay the full premium yourself.
How it works
After a qualifying event such as job loss or reduced hours, you can elect to continue the same group health plan for a limited period, often up to 18 months. Your coverage and network stay the same.
The cost
Under COBRA you typically pay the entire premium — the part you paid plus the part your employer paid — plus a small administrative fee. That can make it noticeably more expensive than it felt while employed.
Alternatives
A Marketplace plan during a special enrollment period, a spouse's plan, or Medicaid may cost less. Compare options before assuming COBRA is the only choice.
Frequently asked questions
＋ How long does COBRA last?
It depends on the qualifying event, but continuation often lasts up to 18 months, and longer in some situations. Your plan administrator can confirm your specific period.
＋ Why is COBRA so expensive?
Under COBRA you pay the full premium, including the share your employer used to cover, plus a small administrative fee. That full cost is often higher than what you paid as an employee.
＋ Is COBRA my only option after losing job coverage?
No. Losing coverage usually opens a special enrollment period for a Marketplace plan, and a spouse's plan or Medicaid may also be options. Compare costs before deciding.
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Educational content only — not legal, financial, or insurance advice. Requirements and pricing vary by state.