Which program allows customers to continue purchasing their employer-sponsored coverage after losing their job?

The program that allows individuals to continue purchasing their employer-sponsored coverage after losing their job is COBRA, which stands for the Consolidated Omnibus Budget Reconciliation Act. This federal law provides certain employees and their families the right to continue their health insurance coverage for a limited period of time when they experience qualifying events, such as job loss, reduction in hours, or other changes in employment status.

COBRA is particularly significant because it helps individuals maintain their healthcare coverage during transitional periods, rather than losing access to necessary medical treatment and services. Participants under COBRA must pay the full premium for the coverage, which can be significantly higher than their previous employer-subsidized rates, but it offers a critical safety net for those navigating changes in their employment.

Other options do not provide the same benefit. For instance, POS and Indemnity Plans refer to types of insurance plans but do not relate specifically to job loss, nor do they guarantee continued coverage in such circumstances. Medicare, on the other hand, is a federal health insurance program primarily for older adults and certain younger people with disabilities, and it does not provide a continuation option for employer-sponsored plans in the event of job loss. Therefore, COBRA stands out as the correct answer for maintaining health insurance after