All employers are required to inform their employees of COBRA and options to continue health insurance after a qualifying event causes loss of coverage.
The Department of Labor has issued a revised COBRA Model Election Notice for employers to distribute to employees who are terminated or lose coverage due to a qualifying event. The new notice includes information on the option to obtain coverage through the Health Insurance Marketplace (aka The Exchange) rather than to continue on the employer group plan. Depending on income and other eligibility requirements, a lower cost option may be available through the online Marketplace. In New York, the nystateofhealth.ny.gov site has information on plans available to individuals and their families.