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I’m enrolled in COBRA now, but I want to cancel it. Does that affect my eligibility for Marketplace subsidies?

During Open Enrollment, you can enroll in a Marketplace plan without any specific reason for ending COBRA coverage. Outside Open Enrollment, you can switch from your COBRA if it's within 60 days of losing your job-based coverage.

Sammi Lane avatar
Written by Sammi Lane
Updated over a week ago

Switching from COBRA to a Marketplace plan depends on timing and circumstances:

  • During Open Enrollment: You can enroll in a Marketplace plan without any specific reason for ending COBRA coverage.

  • Outside Open Enrollment: You can switch if:

    • Your COBRA coverage is about to expire.

    • It's within 60 days of losing your job-based coverage.

Note: If you voluntarily end COBRA coverage early, you'll need to wait for the next Open Enrollment period to get Marketplace coverage, unless you experience another qualifying life event.

IMPORTANT: If you qualify for a Marketplace plan, your COBRA coverage must end when your new Marketplace plan begins.

Need Help?

If you need assistance understanding or updating your information, our Consumer Advocate team can help. Call 855-772-2663, Monday–Friday, 6 a.m.–4 p.m. PT, or visit www.healthsherpa.com to log into your account and make updates.

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