My husband works at GM. I'm on pins and needles waiting to hear from him today to find out what's going on. My biggest worry is health care coverage. If he is laid off does that mean that coverage is also gone immediately? Or at the end of the month? Or is there a way to extend it? I would appreciate any info.
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If you are part of an involuntary reduction in force you can enroll in one of the ACA plans on healthcare.gov even if outside the normal enrollment period. I have been looking and some pretty good plans for a LOT less than COBRA is going to cost.
COBRA is very expensive, you will have to pay not only what your employee contribution was, but also the companies.
I hear you. I’m waiting too. I’m pregnant.
Thank you so much for answers!
I got laid off today and you can elect to have health insurance coverage through your severance period, as another reply mentioned earlier. You get paid through Feb as if you were still working with all benefits.
COBRA is required by law. You can continue the health care, but it is not especially inexpensive.
The employee handbook says insurance coverage continues through the severance period.