The current economic situation caused by Covid-19 safety measures has millions of people wondering how they can keep their employer's health insurance plan. Many companies have been forced to furlough or layoff large portions of their workforce until the economy improves. The U.S. economy lost more than 20 million jobs in April alone.
People facing unemployment want to know whether they can sign up for COBRA continuation coverage—and whether they will be able to afford it. The answer may depend on whether their employer pursues a furlough or a layoff.
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