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By Ryan Kennelly

February 26, 2021

Topics:

  • Individual & Family Health Insurance
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I’m on COBRA. Can I Drop It and Sign Up for a Marketplace Plan Now?

February 26, 2021

  • Individual & Family Health Insurance

Yes, people in federal marketplace states can take that step, health experts say. Under COBRA, people can be required to pay the full amount of the premium plus a 2% administrative fee. Marketplace coverage is almost certainly cheaper.

Normally, if people have COBRA coverage and they drop it midyear, they can’t sign up for a marketplace plan until the annual fall open enrollment period. But this special enrollment period will give people that option.

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