Thursday, August 26, 2010

Kaiser Health News on End of COBRA Subsidy

Source: Kaiser Health News

Jennifer Richards of Park Ridge, Ill., is angry that her family’s monthly health insurance bill tripled in August to $1,250 after her husband lost his job and health benefits. But as bad as that is, what really upsets her is the inaction of Congress.

Deficit-conscious lawmakers have not renewed a subsidy that helped many jobless Americans afford health benefits. A longstanding federal law called COBRA requires employers to continue insurance for former employees, typically for 18 more months, if they pay the entire premium plus a two percent administrative fee. Last year, Congress approved a 65% COBRA premium subsidy, but it ended May 31.

Read more.

No comments:

Post a Comment