Good news!
Anyone who was involuntary laid off or lost their job, and have currently been receiving a subsidy from the government of 65% towards their COBRA premium, have now had the benefit extended from the original 9 months of subsidy.
see below:
On Saturday, December 19, 2009, President Obama signed a measure to extend the federal COBRA subsidy for continued health-insurance coverage for involuntarily terminated employees under employer group plans. The law extends the subsidy an additional six months for a total of 15 months, up from the current nine.
Eligibility for the subsidy had been due to expire on December 31, 2009 but is now extended to February 28, 2010. In addition, there will be a special election period for individuals who had reached the end of the reduced premium period before the legislation extended it to 15 months. They will have additional time to pay the reduced premiums related to the extension. To continue their coverage they must pay the 35% of premium costs by 60 days after date of enactment or, if later, 30 days after notice of the extension is provided by their plan administrator. The bill requires employers to notify current and future COBRA participants of the extended 15-month eligibility.
The Health Insurance Shoppe is Chicago's first storefront marketplace for individual, family and group health insurance coverage. You can walk in and shop for a comprehensive plan that fits your lifestyle, needs and budget.
No comments:
Post a Comment