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MANHATTAN NEWS
Today is: Tuesday September 7, 2010

Article Date: 06/07/2010

US Cobra Health Coverage Possibly Ending
Although the health care overhaul was passed, in the short-term, many will actually be reduced coverage due to U.S. House of Representatives stripping out a recent jobs bill a provision that would have extended the Cobra payment subsidy. This bill is on its way to the Senate, and if an extension is not passed, those who lose their jobs on or after June 1 will no longer be able to receive government financial help to cover 65% of their premium costs for Cobra health coverage. Therefore, the only ones who could claim Cobra would be those who were laid off between September 2008 and May 31, 2010. Families USA reported that those who are newly laid off and don't qualify for the subsidy end up spending around 84% of their monthly unemployment insurance checks on Cobra premiums to keep their families insured.

Website Address: http://online.wsj.com/article/BT-CO-20100607-704817.html?mod=WSJ_latestheadlines

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