4 ms·
If his employment does end, he can do COBRA for 18 months (although he'll lose the employer contribution of course). Afterwards, ACA guarantees that a plan wil
by muzz 11y ago
If his employment does end, he can do COBRA for 18 months (although he'll lose the employer contribution of course).
Afterwards, ACA guarantees that a plan will be available. Depending on the state, you may be able to even get a quick quote online to get an idea of what the cost would be today.
- hwstar 11y agoYou don't need to go on COBRA and exhaust its benefits before signing up with the ACA. IMHO, the only reason you would want to sign up for COBRA is if you or a family member are undergoing care at a hospital and you don't want the continuity of that care interrupted. The ACA is going to be far less expensive than COBRA . If you are on COBRA and the company declares bankruptcy, you lose COBRA and must sign up for the ACA.
- cookiecaper 11y agoCOBRA is not a realistic option for most people. Without the employer contribution, most health plans end up costing more than $1k/mo. That's too much for a steadily-employed person to afford, let alone someone who was just laid off.