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Job Cuts Threaten Worker Life Insurance

U.S. layoffs reached 5.2 million by March 2026. The tech sector saw significant job cuts. Major tech companies reduced staff, citing AI shifts. Many terminated workers lose their group life insurance. Experts advise against relying solely on employer-provided coverage.

https://www.usnews.com/insurance/life-insurance/layoffs-personal-life-insurance-2026


Today I got a bill for supplemental life insurance

I got a bill in todays mail from Vz Benefits for $600 (for spouse and dependent supplemental life) requesting payment. I checked the Vz RIF FAQ doc on this and it reads "you may also continue supplemental and dependent coverage...." but I never elected to continue this coverage once I was RIFd. I suspect some of you will also receive such a bill.


Benefit Cuts !!

We called it on this board several months ago due to inside sources. More benefit cuts announced today. Healthcare and life insurance changes will save about $2m. The increase in premium hits lower wage worker hardest. There should be a sliding scale based on percentages and income level. Premium rise is a regressive tax. Anthem is rolling out these Platinum BS Providers--probably the ones getting the biggest kickbacks in a ponzi like scheme. CHRO and Data Czar not in attendance at the price hike inflation meeting today.


COBRA Questions - After Layoff's

With the brutal layoff's , I am also one of those unlucky one with close to 30 years of hard work & dedication. Anyway, hope someone can shed light o my questions below. I am based out of CA

With COBRA , Could I choose only dental & eye insurance ? I maybe wrong, medical insurance from Obama Care plans could be cheaper that COBRA. I don't see an option to just pick Eye & Dental plans.

Second question ... looks like COBRA plans could be added within 6 months of layoff's ? If I pick COBRA plans say after 4 months, does it start from that day & continues for 18 months OR no ?

Third question ..Assuming I take COBRA plan for this year, do I get an option to pick a different medical plan during Open Enrollment ?

Fourth Question .. Arag & life insurance plans are history now ? I am sure that's true

Lastly, what's everyone doing for medical plans in Lieu of COBRA offer ?