Losing employer-sponsored health insurance hits especially hard in the Daytona Beach area. COBRA gives you the legal right to continue your employer's group health plan temporarily — but you'll pay the full premium yourself.
How COBRA Works
- Duration: Up to 18 months for job loss/reduced hours. Up to 36 months for divorce, death, or Medicare entitlement.
- Cost: 100% of the premium plus a 2% administrative fee.
- Election period: 60 days to elect coverage.
- Retroactive coverage: If elected within 60 days, coverage is retroactive to the date you lost your plan.
What Does COBRA Cost?
| Coverage Type | Average Monthly Cost |
|---|---|
| Individual coverage | $650 – $750 |
| Family coverage | $1,800 – $2,200 |
When COBRA Makes Sense
- You are mid-treatment and need your current providers
- You have already met your deductible
- The gap is short — new job with benefits within 1-3 months
- You need specific prescription coverage
When You Should Skip COBRA
ACA Marketplace Plans
Losing coverage opens a 60-day Special Enrollment Period. Subsidies may bring your cost to $50-$200 or even $0.
Medicaid
If your income drops significantly, check eligibility through Florida's ACCESS system.
Spouse's Employer Plan
Your loss of coverage is a qualifying event for your spouse's plan.
The 60-Day Strategy
You have 60 days to elect and 45 days to pay — roughly 105 days of decision time. If you get sick, elect retroactively. If nothing happens, enroll in a marketplace plan instead. This carries risk but can save thousands.
How to Enroll
Your employer must send a COBRA election notice within 14 days. Complete the form and submit your first premium payment within the deadlines. For employer compliance issues, contact the DOL at 1-866-444-3272.
See What Benefits You Qualify For
Take our free 60-second assessment to discover programs that could save you thousands.
Start Free Assessment →Frequently Asked Questions
Can I get COBRA if I was fired?
Yes, unless terminated for gross misconduct (narrowly defined).
Does COBRA cover dental and vision?
Yes. COBRA applies to all group health plans your employer offered.
What happens when COBRA runs out?
You get another Special Enrollment Period to join a marketplace plan. Explore SNAP or energy assistance to free up money for coverage.
Is there financial help to pay for COBRA?
Currently no federal subsidy. Marketplace subsidies are almost always more generous.
