Historically, The Consolidated Omnibus Budget Reconciliation Act (COBRA) was the best choice. COBRA gives workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan for limited periods of time under certain circumstances, like job loss. If you qualify for COBRA, you may be required to pay the entire premium for coverage up to 102 percent of the cost to the plan.
With the opening of the healthcare marketplace, employees have more options when it comes to buying health insurance.
Watch the HCW Television exclusive below to see how to choose the best option for your situation.