The situation is that the employee was laid off as of June 1st 2015. The company agreed to continue to subsidize his health insurance payments for 1 year. Him and his wife were moved to Cobra at that time. The monthly rate after the company subsidy is $400 a month. When the subsidies end June 1st of 2016 the rate jumps to $1100 a month.
Are there any options for him and his spouse or just his spouse to jump off of Cobra and join another plan mid-year?
Thanks in advance for any advice you can offer.
