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Archive for the ‘COBRA Insurance’ Category

COBRA Subsidies to End This Month

Monday, August 15th, 2011

Insurance News Network reports:

“Subsidies to help unemployed workers continue their employer-provided health insurance coverage will expire at the end of August.

The subsidy for COBRA coverage paid for 65% of premiums for the involuntarily unemployed. Part of the economic stimulus package passed in the early weeks of the Obama administration, the subsidies were to last for nine months. However, congressional extensions kept the program going through May 2010. Qualifying individuals laid off on or before the expiration date were eligible to receive the reduced premiums for up to 15 more months, according to the U.S. Department of Labor.

(more…)

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