How to Calculate Cobra Rates

COBRA Rate Calculator

Use this calculator to estimate your COBRA monthly premium. COBRA (Consolidated Omnibus Budget Reconciliation Act) allows eligible employees and their dependents to continue their group health insurance coverage for a limited time after leaving a job.

function calculateCobraRate() { var monthlyPremium = parseFloat(document.getElementById("monthlyPremium").value); var adminFeePercentage = parseFloat(document.getElementById("adminFeePercentage").value); var resultDiv = document.getElementById("result"); resultDiv.innerHTML = ""; // Clear previous results if (isNaN(monthlyPremium) || isNaN(adminFeePercentage)) { resultDiv.innerHTML = "Please enter valid numbers for all fields."; return; } if (monthlyPremium < 0 || adminFeePercentage < 0) { resultDiv.innerHTML = "Values cannot be negative."; return; } var adminFeeAmount = (monthlyPremium * adminFeePercentage) / 100; var totalCobraRate = monthlyPremium + adminFeeAmount; resultDiv.innerHTML = "

Estimated COBRA Rate

" + "Total Monthly Group Premium: $" + monthlyPremium.toFixed(2) + "" + "Maximum Administrative Fee: $" + adminFeeAmount.toFixed(2) + "" + "Your Estimated Monthly COBRA Premium: $" + totalCobraRate.toFixed(2) + "" + "Note: This is an estimate. Actual COBRA rates may vary based on your specific plan and state regulations."; } .cobra-calculator-wrapper { font-family: Arial, sans-serif; border: 1px solid #ccc; padding: 20px; border-radius: 8px; max-width: 500px; margin: 20px auto; background-color: #f9f9f9; } .calculator-input-section h2 { text-align: center; color: #333; margin-bottom: 15px; } .calculator-input-section p { font-size: 0.95em; color: #555; margin-bottom: 20px; line-height: 1.5; } .input-group { margin-bottom: 15px; } .input-group label { display: block; margin-bottom: 5px; font-weight: bold; color: #444; } .input-group input[type="number"] { width: calc(100% – 20px); /* Adjust for padding */ padding: 10px; border: 1px solid #ccc; border-radius: 4px; box-sizing: border-box; /* Include padding and border in the element's total width and height */ font-size: 1em; } .cobra-calculator-wrapper button { background-color: #4CAF50; color: white; padding: 12px 20px; border: none; border-radius: 4px; cursor: pointer; font-size: 1.1em; width: 100%; transition: background-color 0.3s ease; } .cobra-calculator-wrapper button:hover { background-color: #45a049; } .calculator-result-section { margin-top: 25px; padding: 15px; border: 1px solid #eee; border-radius: 4px; background-color: #fff; } .calculator-result-section h3 { color: #333; margin-bottom: 10px; text-align: center; } .calculator-result-section p { font-size: 1em; color: #555; margin-bottom: 8px; line-height: 1.4; } .calculator-result-section span { font-size: 1.2em; } .calculator-result-section small { color: #777; font-style: italic; display: block; margin-top: 10px; text-align: center; }

Leave a Comment