The Consolidated Budget Reconciliation Act of 1985 (COBRA), helps give employees better peace of mind in the event of periods of unemployment. One of the largest expenses many of us face is that of health insurance in Utah. Employers offer coverage at reduced group rates, which helps cut down health expenses and allows your employees to take advantage of a host of better services.
However, when an employee is laid off, they can no longer take advantage of their employer’s healthcare plan. Or can’t they? Through the use of COBRA coverage, employees who’ve lost coverage can continue their coverage at the employer’s expense.
Employees want to know that both they and their family will be taken care of in the event of tough times, and so many employers offer COBRA benefits. We’ll work with you to identify the best way to offer COBRA coverage to employees and keep expenses manageable for your business.