GITNUX MARKETDATA REPORT 2024

Statistics About The Average Cobra Cost

The average cost of a cobra is around $200, with prices typically ranging from $100 to $300.

Last Updated: June 23, 2024

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In this post, we will explore various statistics relating to COBRA health insurance coverage in the United States. From the average annual premiums to the percentage of employers offering COBRA, we will delve into the numbers behind this crucial aspect of health insurance.

Statistic 1

"The average annual premium for employer-sponsored health insurance was $21,342 for family coverage in 2020, and COBRA coverage would cost the same."

Statistic 2

"The average monthly cost for single-coverage COBRA in 2020 was over $600."

Statistic 3

"The average monthly cost for family-coverage COBRA in 2020 was over $1,700."

Statistic 4

"Average COBRA rates for all 50 U.S. states are between 101% and 150%."

Statistic 5

"The average COBRA health insurance premium in 2019 was $569 per month for individual coverage."

Statistic 6

"The average COBRA health insurance premium in 2019 was $1,595 per month for family coverage."

Statistic 7

"39% of employers offer COBRA coverage in the United States."

Statistic 8

"For all employer-sponsored health insurance plans, the average COBRA premium for single coverage was 102% of active employees' cost."

Statistic 9

"For all employer-sponsored health insurance plans, the average COBRA premium for family coverage was 101% of active employees' cost."

Statistic 10

"The average monthly cost of COBRA insurance with Kaiser Permanente in 2020 was around $600 for individual coverage."

Statistic 11

"The average monthly cost of COBRA insurance for a family with Kaiser Permanente in 2020 was around $1,650."

Statistic 12

"The average cost for COBRA administration was $67.50 per certificate in 2015."

In conclusion, the statistics presented highlight the significant financial burden associated with COBRA coverage in the United States. The average costs for both single and family coverage are substantial, exceeding $600 and $1,700 per month, respectively. Additionally, the data indicate that COBRA premiums tend to range between 101% and 150% of active employees’ costs, emphasizing the relative expense of this continuation coverage option. With only 39% of employers offering COBRA coverage, individuals who rely on this option may face challenges in managing their healthcare expenses. Overall, the statistics underscore the importance of understanding and planning for the costs associated with COBRA coverage to avoid potential financial strain.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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