The election of COBRA for continuation of health coverage will?

Choosing COBRA (Consolidated Omnibus Budget Reconciliation Act) for continuation of health coverage allows individuals who have lost their job or experienced a reduction in hours to maintain their existing health insurance benefits. This means that the coverage remains essentially the same as it was when they were actively employed. However, participants are typically required to pay the full premium for their coverage, which can lead to increased costs since they may now have to pay both their portion and the employer's contribution that was previously subsidizing their health insurance.

It's important to recognize that under COBRA, the coverage does not provide reduced benefits; instead, it retains the same level of benefits the individual was receiving prior to the qualifying event. While individuals can maintain their coverage, the premiums they pay can increase because they are now taking on the entire cost.

This option is beneficial for those needing to ensure a seamless continuation of healthcare benefits during a time of transition, despite the potential for higher costs.