Continuation of Health Coverage, formally known as “The Consolidated Omnibus Budget Reconciliation Act,” commonly referred to as “COBRA,” allows former employees and their families to continue employer health coverage for a period of time after employment ends.
Aetna announced that on August 7, 2009 they will send a notice to former employees of their small business clients, terminated from employment between September 1, 2008 and May 10, 2009, advising them that they may be eligible for the Federal Subsidy for COBRA continuation of their health insurance. [...]
If you were recently laid off or fired and you are considering whether to enroll in COBRA you're in luck. On February 17th, President Obama signed the American Recovery and Reinvestment Act of 2009 (HR 1) which mandates that employers pay 65% of the COBRA premium for "involuntarily terminated" employees. [...]
The American Recovery and Reinvestment Act of 2009 (HR 1) includes subsidies for health insurance for people who recently lost their jobs. Those eligible will only have to pay 35 percent of the cost of health insurance under COBRA. The subsidy will last for 9 months. People who have [...]