Thursday, September 26, 2013, 6:58 pm
Who came up with that acronym, anyway?
Health-law provisions taking effect next year could save U.S. employers billions of dollars in expenses now paid for workers who continue medical coverage after they leave the company, benefits experts say.
Insurance marketplaces created by the Affordable Care Act are expected to all but replace COBRA coverage in which ex-employees and dependents can remain on the company plan if they pay the premiums. [...]
The average COBRA member cost his former employer 54 percent more—$3,800—than the average active worker, continuing a long-term trend, according to a 2009 survey by newsletter Spencer’s Benefits Reports. At one company in five, COBRA participants cost more than twice as much as active workers