Archive for the ‘cobra’ tag
No more COBRA?
If you lose your job after June 1, you’ll see more than just your paycheck disappear. You also won’t get the 65% federal subsidy to cover your COBRA health insurance premium.
That’s because House Democrats last week opted not to extend the subsidy in order to bring down the cost of a jobs and tax bill winding its way through Congress. Continuing the provision through Dec. 31 would run $7.8 billion.
via No extension of federal subsidy of COBRA premiums – Jun. 6, 2010.
I’m not sure this is such a good move.
“I’m unemployed. I don’t have money to pay for medical bills,” said Stephanie Kohnke, a St. Paul, Minn. resident who lost her job in May and is waiting to be approved for the subsidy. “This is the worst time to lose that safety net.”,
COBRA let me also say it not cheap either! The premiums are still expensive.
