Focus (Forum & Focus)
May 22, 2009
Loosening COBRA's Financial Squeeze
Part of the stimulus bill provides for a federal subsidy covering 65 percent of the COBRA premium for certain people who are eligible, writes Ronald J. Cooke.
FOCUS COLUMN
By Ronald J. Cooke The American Recovery and Reinvestment Act of 2009, enacted Feb. 17, provides for a federal subsidy covering 65 percent of the COBRA premium for assistance-eligible individuals. Eligibles include those whose employment is involuntarily terminated between Sept. 1, 2008, and Dec. 31, 2009. It also provides for a "second chance" COBRA election opportunity for those who do not have COBRA elections in effect. Notices to ...For only $95 a month (the price of 2 article purchases)
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