The National Directory of Certified Public Accountants

Ask A CPA - Affordable Care Act - Individuals

What If I Currently Have COBRA Coverage?

If you have COBRA continuation health coverage, you can keep it or decide to buy a Marketplace insurance plan. When you leave a job, you may be able to keep your job-based health coverage for a period, usually up to 18 months. This is called COBRA continuation coverage. When you have COBRA coverage, you usually have to pay the entire premium yourself, plus a small administrative fee. After you leave your job your former employer no longer pays for any of your insurance costs. In the Marketplace, you may be able to get lower coverage costs

If you need professional help with "Affordable Care Act - Individuals" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.