Companies that offer health coverage to their employees are providing a major enticement that will attract the best candidates for most positions. This appeal extends beyond the term of a person's employment as well. Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), employees can keep their insurance plans for up to 18 months after they've lost their jobs for whatever reason.
However, studies show that the majority of people don't keep their insurance after they're no longer working for employers because they can't afford to pay the full premiums without their employers' help. This takes some of the allure off of excellent insurance plans, but the latest overhaul of healthcare by President Obama is poised to change that.
By 2014, there will be a number of options available for workers who no longer have access to their prior plans. This means that more Americans will be able to afford their company medical coverage, making it more important than ever to begin creating affordable employee benefit packages. Simply being part of a high-quality plan for a short time will allow more people access to top-notch coverage, so it is important to entice the best candidates possible to apply to work at a company by doing so.
