The impact of COVID-19 on our lives is undeniable. For those who have lost their health insurance, it hits even closer to home. Especially now when health benefits are more important than ever, many are wondering what their options are.
The individual market gives people in these circumstances options so they don’t have to go without health coverage, but paying the full premium is a scary thought. Employers who have been forced to cut costs by eliminating group health insurance don’t have to leave employees high and dry. Many are offering some extra money on the side to help pay for individual plan premiums. When figuring out how much to offer, it helps to know what employees would be paying to make sure it’s going to make a difference.