With the federal and state exchanges now up and running, the Obama administration on Friday said it wants to help clarify any confusion that might exist about whether workers who lose their jobs are still eligible for insurance through COBRA.
The answer: Yes, they are, though people also can buy coverage through a public exchange – and most likely at a lower cost.
"In many cases, workers eligible for COBRA continuation coverage can save significant sums of money by instead purchasing health insurance through the marketplace," Assistant Secretary of Labor for Employee Benefits Security Phyllis C. Borzi said in a statement.
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