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Rule clarifies laid-off workers must receive insurance benefits information

While Americans are now able to purchase health insurance benefits through the federal and state marketplaces, employers that lay off their workers still need to provide them with information on their health coverage options.

According to The Wall Street Journal, the Consolidated Omnibus Budget Reconciliation Act (COBRA) allows employees to continue on their former employers’ plans if they pay their share of healthcare premiums. Those who lose that insurance need to be told by their former companies about their COBRA eligibility as well as the health insurance exchanges. Even though the marketplaces are now closed, Americans can still purchase health coverage if they have major life events that impact their insurance. The Journal noted this includes being laid off. The Obama administration recently clarified that employers must offer workers they’ve let go this information.

The Hill reported some actually consider buying a plan on the exchanges to be cheaper than remaining on COBRA or their former employers’ group health insurance. From being able to receive subsidies to generally more affordable premiums, marketplace-offered plans have many benefits. However, some of these plans have narrow networks, which may influence workers’ health insurance benefits decisions.

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Erin Woulfe
Erin Woulfe
Erin Woulfe likes to write about things that matter. Keeping her finger on the pulse of what’s happening in the public sector world, she blogs about the latest legislative news and employee benefit trends that affect our school, city and county clients. She’s been with NIS since 2002. “I love connecting to our clients and providing them with the tools they need in order to administrate their plan,” says Erin. “Whether that be materials to educate their employees on certain benefits, how to effectively communicate change within an organization or just providing tips and how-to’s to help them make their job easier.”

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