I've heard that under the economic stimulus plan we could be enjoying a premium reduction for Cobra. Has it really come to effect?
Total Comments: 8
Posted: Thu Nov 12, 2009 05:38 pm Post Subject:
The subsidy for COBRA premiums has been active for months...literally. It pays 65% of your COBRA premium and looks like it's going to be extended for another 6-9 months after the current subsidy expires in December of this year.
If you've lost your job during the period 09/01/08 - 12/31/09, then only the premium reduction would be applicable to you. Those who'd meet the eligibility for Cobra would need to bear 35% of the entire premium while the rest would be met by their ex-employer.
Posted: Tue Nov 17, 2009 06:14 am Post Subject:
Here's a link that discusses a possible extension of the current COBRA subsidy program:
Looks as if they're going to extend the subsidy and allow additional people into the program. It's gonna likely pass due to high unemployment.
InsTeacher 8)
Posted: Wed Nov 18, 2009 03:31 am Post Subject:
not really on topic I know, but COBRA has to be about the coolest sounding insurance program out there.
Posted: Wed Nov 18, 2009 06:07 am Post Subject:
If a person who's eligible for Cobra benefits gets disabled then the cobra law would allow his coverage to be continued. The disabled person would need to contact the Social security administration within 60 days once his cobra coverage commences. The individual would also need to hand in a copy of the social security ruling letter to the policy coverage administrators.
Posted: Sat Nov 21, 2009 03:37 am Post Subject:
Steven...excellent post.
If a person who's eligible for Cobra benefits gets disabled then the cobra law would allow his coverage to be continued. The disabled person would need to contact the Social security administration within 60 days once his cobra coverage commences. The individual would also need to hand in a copy of the social security ruling letter to the policy coverage administrators.
InsTeacher 8)
Posted: Sat Nov 21, 2009 08:54 pm Post Subject:
it has already taken in effect. It ends in December 09. Visit (LINK REMOVED BY MODERATOR-LORI)
Posted: Tue Nov 24, 2009 05:32 am Post Subject:
InsuranceMedics, welcome to the forum. My last post was referring to the fact that Congress is considering extending the subsidy program and allowing new persons entry into the program after it's ending date of the end of this year.
Please do not post links within your posting. You are free to post links that meet TOS guidelines beneath your signature line. Thanks.
Posted: Thu Nov 12, 2009 05:38 pm Post Subject:
The subsidy for COBRA premiums has been active for months...literally. It pays 65% of your COBRA premium and looks like it's going to be extended for another 6-9 months after the current subsidy expires in December of this year.
Here's a link for info:
http://www.irs.gov/newsroom/article/0,,id=204505,00.html
InsTeacher 8)
Posted: Fri Nov 13, 2009 04:52 am Post Subject:
If you've lost your job during the period 09/01/08 - 12/31/09, then only the premium reduction would be applicable to you. Those who'd meet the eligibility for Cobra would need to bear 35% of the entire premium while the rest would be met by their ex-employer.
Posted: Tue Nov 17, 2009 06:14 am Post Subject:
Here's a link that discusses a possible extension of the current COBRA subsidy program:
http://employmentlawpost.com/hrnews/2009/10/28/congressman-introduces-cobra-subsidy-extension-legislation/
Looks as if they're going to extend the subsidy and allow additional people into the program. It's gonna likely pass due to high unemployment.
InsTeacher 8)
Posted: Wed Nov 18, 2009 03:31 am Post Subject:
not really on topic I know, but COBRA has to be about the coolest sounding insurance program out there.
Posted: Wed Nov 18, 2009 06:07 am Post Subject:
If a person who's eligible for Cobra benefits gets disabled then the cobra law would allow his coverage to be continued. The disabled person would need to contact the Social security administration within 60 days once his cobra coverage commences. The individual would also need to hand in a copy of the social security ruling letter to the policy coverage administrators.
Posted: Sat Nov 21, 2009 03:37 am Post Subject:
Steven...excellent post.
If a person who's eligible for Cobra benefits gets disabled then the cobra law would allow his coverage to be continued. The disabled person would need to contact the Social security administration within 60 days once his cobra coverage commences. The individual would also need to hand in a copy of the social security ruling letter to the policy coverage administrators.
InsTeacher 8)
Posted: Sat Nov 21, 2009 08:54 pm Post Subject:
it has already taken in effect. It ends in December 09. Visit (LINK REMOVED BY MODERATOR-LORI)
Posted: Tue Nov 24, 2009 05:32 am Post Subject:
InsuranceMedics, welcome to the forum. My last post was referring to the fact that Congress is considering extending the subsidy program and allowing new persons entry into the program after it's ending date of the end of this year.
Please do not post links within your posting. You are free to post links that meet TOS guidelines beneath your signature line. Thanks.
InsTeacher 8)
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