which of the following allows laid off employees to maintain their health
COBRA
medicare HMO insurance
Social security
COBRA
COBRA (Consolidated Omnibus Budget Reconciliation Act) allows laid-off employees to maintain their health insurance coverage for a certain period of time. It ensures that they have the option to continue the same health insurance plan that they had while employed. However, it is important to note that COBRA coverage may require the laid-off employee to pay the entire premium for the plan, as the employer will no longer be contributing to the cost.
Medicare HMO insurance, on the other hand, is a health insurance option for individuals who are 65 years or older, or those with certain disabilities. It is generally not directly related to maintaining health insurance coverage for laid-off employees.
Social Security is a government program that provides retirement, disability, and survivor benefits. While it does not directly provide health insurance coverage, it may help individuals who are laid off and meet certain criteria to access government assistance programs like Medicaid, which provide healthcare coverage to people with low income.
In summary, COBRA is the option that directly allows laid off employees to maintain their health insurance coverage, while Medicare HMO insurance and Social Security have different purposes and may offer some support in specific situations but not specifically for maintaining health insurance after being laid off.
The option that allows laid off employees to maintain their health coverage is COBRA (Consolidated Omnibus Budget Reconciliation Act). COBRA provides temporary continuation of health insurance coverage to employees and their dependents when they lose their job or experience a reduction in work hours.
To access COBRA benefits, employees must typically meet certain eligibility criteria, such as being covered under a group health plan at their previous job and experiencing a loss of coverage due to layoff or reduction in hours. If eligible, they can choose to continue their health insurance coverage for a limited period of time, usually up to 18 months, although in certain circumstances it can be extended up to 36 months.
It's important to note that while COBRA allows individuals to maintain their health insurance, they are responsible for paying the full premium, including the portion previously paid by their employer. This can often result in higher costs for COBRA coverage compared to what they were paying while employed.
Medicare HMO insurance and Social Security are not specifically related to maintaining health coverage for laid off employees. Medicare is a federal health insurance program primarily for older adults and certain individuals with disabilities, while Social Security is a government program that provides income support for retired, disabled, or deceased workers and their dependents.