Experienced Employment Law Advocacy For Arizona

Significant Changes to Health Insurance Law Benefit Employees

by | Mar 12, 2021 | Firm News |

The Biden Covid-19 Stimulus Plan contains two very significant benefits for employees who lose their company-sponsored health insurance. First, if you are eligible for COBRA continuation coverage, starting April 1, 2021 you may elect COBRA and for six months the Company will pay the full amount of the COBRA premium subject to reimbursement by the Federal Government. Second, the available subsidy for Obamacare premiums has increased drastically and will significantly boost the subsidy for middle class workers. So, if you lose your company-sponsored health insurance, you should be able to continue your health insurance coverage at no-cost or a reasonable cost to you.