Tuesday, February 23
COBRA Subsidy Extension Outlook: 15- to 30-Days
The COBRA subsidy has brought some form of stability to those laid off. While still struggling, it has enabled those who were laid off between September 1st, 2008, and December 31, 2009, to afford health insurance. About a year ago, as part of the economic stimulus bill, it allowed for those who had lost their job to receive a subsidy that would pay 65% of their premium.
While introducing legislature is much different than actually passing it, many top level democratic politicians are preparing to begin the process as early as tonight. While it most likely will not be seen as a permanent fix, it will be in the range of a 15- to 30-day extension of what is currently in place. The current subsidy is due to expire the 28th of February and many unemployment offices have already begun sending out notice letters.
Labels: COBRA, cobra subsidy, Insurance, unemployed
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