Under the newly passed Patient Protection and Affordable Care Act, there are no changes to the current COBRA insurance laws and regulations. This means that under COBRA insurance laws you and your family will still be able to elect to receive health insurance coverage with COBRA if you meet the qualifying conditions and elect to sign up for continuation of medical insurance with COBRA.
However, in 2014 under the Patient Protection and Affordable Care Act, consumers will have the option to purchase health care exchanges in your state or region instead of continuing to maintain medical insurance under COBRA insurance. Each state will be required by law to begin a health insurance exchange program which is intentioned to provide more affordable medical insurance to residents of the state or region. With the exchange, U.S. citizens and legal immigrants will be able to compare the costs of health insurance and the elect their care. The idea behind this is that the information will be much more widely available which will drive costs down. The materials provided in the health insurance exchange will provide standardized materials and marketing information for all types of health insurance in your area thus making it easier to determine if keeping COBRA insurance if the best option for you.
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