Managing Alternative Coverage and COBRA Coverage in Uncertain Economic Times

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We’ve all heard about the “Great Resignation” triggered by the post-COVID environment. Workers are deciding to voluntarily exit the workplace in search of other options. Separately, we have seen the news about a possible economic recession in the near future that could prompt employers to consider “reductions in force” (RIFs). Given the economic turbulence and uncertainty, employers are rethinking how they manage their workforce reductions and the benefits provided to departing employees.

Of course, employers can always simply wait for employees to leave (or trigger an RIF) and then offer departing employees whatever severance and continuation coverage options

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