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LA Times Compares COBRA, ACA Policies

The Los Angeles Times (10/6, Zamosky) evaluates two health insurance options for people leaving a full-time job: COBRA and ACA coverage. COBRA (the Consolidated Omnibus Budget Reconciliation Act) allows departing employees to pay the full cost of an employer’s health plan in addition to an administrative fee.  That results in policies with premiums that are on average three times higher than paid by employees. The Affordable Care Act offers subsidies for individuals and households meeting income thresholds, and exchanges often offer more affordable premiums.  However, the piece encourages people to consider all of their options.