Michael Insurance Solutions  ·  Licensed FL & PA Lost coverage? Call (561) 316-7895

COBRA too expensive? Start with the math

You were paying $570.
COBRA wants $2,294.

Same plan. Same network. Same card in your wallet. The only thing that changed is that you now pay the share your employer was covering — plus a 2% administrative fee. That's what COBRA is. It isn't a penalty, and it isn't your only option.

No fee to work with me 60-day window from your last day FL & PA licensed broker
Continuation Coverage
Election Notice
Form 502-C
Qualifying eventTermination of employment
Coverage tierEmployee + Family
Plan typePPO — unchanged
Employer's former share$1,678.58
Your former payroll deduction$570.83
Administrative fee (2%)$44.99
Total due monthly $2,294.41
The math nobody explains: your employer was paying roughly 75% of that premium. COBRA doesn't raise the price of the plan — it just hands you the entire invoice.

Your window

Two clocks started the day your coverage ended.

Losing job-based coverage opens a 60-day Special Enrollment Period. Your COBRA election window is also 60 days. Enter your last day of coverage and see where you stand.

Special enrollment Enter a date to see your deadline.
COBRA election Typically 60 days from your notice date.
Earliest new coverage Usually the 1st of the month after you enroll.

The honest comparison

COBRA vs. buying your own health insurance

COBRA is sometimes the right answer and rarely the cheapest one. I'll tell you straight if it wins for your situation — mid-treatment, a deductible you've already met, a specialist you can't lose. That happens. But most people never price the alternative before the clock runs out.

Option A — Elect COBRA

Keep everything, pay everything

  • Identical plan, network, deductible, and doctors
  • Your year-to-date deductible and out-of-pocket spending carry over
  • You pay 102% of the full group rate — the employer share is now yours
  • Generally lasts up to 18 months, then ends
  • You can elect within 60 days and it applies retroactively to your last covered day
  • No premium tax credit is available while you're enrolled
Option B — Buy your own

Rebuild the plan around your actual life

  • Premium tax credits may apply based on your 2026 household income
  • Pre-existing conditions are covered on any ACA-compliant plan
  • You choose the network and deductible instead of inheriting them
  • Coverage you keep through a job change, a move, or going 1099
  • Deductible resets — which matters if you've already spent down this year's
  • Other options exist for gap periods, depending on your state and health history

Premium figures above reflect the KFF 2025 Employer Health Benefits Survey national average for family coverage ($26,993/year, of which employers paid $20,143). Your notice will show your plan's real numbers. Enhanced premium tax credits were scaled back for 2026, so subsidy amounts are smaller than in 2021–2025 and an income cap applies again — one more reason to price it rather than assume.

What the call looks like

Fifteen minutes, in this order.

What you qualify for

Household size, expected 2026 income, and ZIP. This determines whether tax credits apply and how large they are before we look at a single plan.

What your care costs

Your doctors, your prescriptions, anything scheduled. I check networks and drug formularies directly — a cheap premium on a plan that drops your cardiologist isn't cheap.

Side by side, then enroll

Your COBRA number against real quotes, total annual cost — not just premium. If COBRA wins, elect it. If it doesn't, I enroll you before your window closes.

Where I'm licensed

Health plan networks are drawn county by county.

The same carrier can be excellent in one ZIP code and thin in the next one over. That's why I quote by county rather than by state — and why a national quote engine often hands you a plan your hospital doesn't take.

South Florida

Southeastern Pennsylvania

  • Philadelphia health insurance
  • Bucks, Montgomery, Delaware & Chester counties
  • Pennie, Pennsylvania's state marketplace, with its own deadlines
  • South Jersey referrals on request

New to buying your own coverage? Start with how I work as an independent health insurance broker, or call and skip the reading.

Start here

Send me your numbers.
I'll send back options.

I'm a licensed health, life, and annuity broker working with self-employed people, 1099 earners, realtors, and business owners across South Florida and southeastern Pennsylvania. Carriers pay me, not you — the quote and the comparison cost nothing.

Michael D'Angelo, licensed health and life insurance broker
Michael D’Angelo
Licensed Health, Life & Annuity Broker
FL G147091  ·  PA 1240187
Original Michael Insurance Solutions ›

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(561) 316-7895

Get my coverage options

No obligation. I'll reply the same business day.

Straight answers

What people ask me first.

If I skip COBRA now, am I uninsured while I shop?

Not necessarily. COBRA is retroactive: you generally have 60 days to elect, and if you do, coverage reaches back to the day your job plan ended. That means you can compare options without a gap — and if something serious happens mid-window, electing COBRA is still on the table.

Will a marketplace plan cover my pre-existing conditions?

Yes. Every ACA-compliant plan covers pre-existing conditions and can't charge you more or deny you for health history. What varies is the network and the drug list, which is exactly what I check before recommending anything.

I heard subsidies got cut. Is it even worth checking?

The enhanced credits from 2021–2025 were scaled back for 2026, so the help is smaller and there's an income cap again. Premium tax credits still exist, and plenty of people still qualify. It takes about two minutes to find out where you land — guessing is what costs money.

What if I'm about to start a new job with benefits?

Then you need a bridge, not a year-long plan, and the calculation is different. Tell me the start date and the benefits waiting period and I'll price the gap specifically.

Is COBRA cheaper than a marketplace plan?

Occasionally, yes — usually when you've already met a large deductible for the year, or when your household income puts a subsidy out of reach and the group plan was unusually rich. Far more often the marketplace plan costs less, because COBRA charges the full group rate with no employer contribution and no tax credit. The only way to know is to put your election notice next to an actual quote.

Does this work the same in Florida and Pennsylvania?

The 60-day rule is federal, so that part is identical. The shopping is not. Florida residents enroll through HealthCare.gov; Pennsylvania has its own marketplace, Pennie, with its own carriers and its own deadlines. I'm licensed in both and quote accordingly.

What does this cost me?

Nothing. Carriers pay broker commissions that are already built into the premium — the same plan does not get cheaper if you enroll yourself. You get help; the price is identical either way.