Our owner had his business is sold. What happens to cobra for employee? susan

Susan:

That depends on how the sale was made.

If the health plan survives, COBRA most likely will apply esp. if the former employees are laid off.

http://cobrahealth.com/if-your-company-is-sold.htm

If the new owner decides to can the group health insurance, cobra gets canned along with.

Is the buyer considered a successor employer? Did the buyer continues business operations associated with the assets without interruption or substantial change? If so, you probably will get COBRA.

Your income is down, can qualify for Medicaid or large subsidies. Which is why ACA also known as Obamacare is such a great law. It does not depend upon employment or your existing health status. Free healthcare for all!