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JOB LOSS PLANNING

COBRA vs Marketplace: Real Cost Comparison

Compare the actual prices and plan details available to your household. Costs depend on your former plan, location, household, expected annual income, and chosen coverage.

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not a national average
Neither option is automatically cheaper. Enter the COBRA premium from your election notice and the Marketplace premium shown after completing an official application. Compare deductibles, networks, prescriptions, and expected out-of-pocket spending too.

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What Federal Guidance Says

Decision pointWhat to verifyPrimary source
COBRA priceA plan may require the full coverage cost plus a 2% administration charge.U.S. Department of Labor guide
COBRA electionThe plan must provide at least 60 days to elect, measured under the notice rules.U.S. Department of Labor guide
Marketplace enrollmentLoss of job-based coverage can create a Special Enrollment Period; official dates and eligibility apply.HealthCare.gov
Marketplace savingsSavings use expected household income for the coverage year, not simply the prior year’s income.HealthCare.gov income guidance
Do not compare premium alone. Check effective dates, provider network, prescription formulary, deductible progress, coinsurance, out-of-pocket maximum, and whether every household member has the same needs.

A Safe Decision Sequence

Read the COBRA election notice and write down its exact deadline and premium. Complete the official Marketplace application to see plans and any savings for which the household may qualify. Confirm the effective date before ending other coverage, and contact the plan or Marketplace if timing is unclear.

Voluntarily ending COBRA early does not always create a Marketplace Special Enrollment Period. HealthCare.gov says exhausting COBRA, losing job-based coverage, and Open Enrollment have different rules. Verify eligibility before cancelling a plan.

Methodology and Limits

The calculator adds monthly premium × selected months + the out-of-pocket amount you enter for each option, then reports the difference. It does not estimate claims, tax-credit eligibility, plan quality, or network access. A lower modeled total is not a recommendation.

Primary resources reviewed July 23, 2026: the U.S. Department of Labor COBRA guide and HealthCare.gov pages linked above. Plan documents and official eligibility results control. This page is educational and is not insurance, legal, tax, or financial advice.

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Methodology: visitor-entered comparison of actual quotes. Primary references reviewed July 23, 2026: the U.S. Department of Labor COBRA guide and HealthCare.gov COBRA guidance. No average savings is claimed.