30. August 2010 16:09
As you know, the COBRA premium subsidy ended May 31, leaving those who were laid off after June 1 scrambling to find affordable health insurance. Laid-off workers who started on COBRA before May 31 can still receive the aid, but those who have exhausted the 15-month subsidy and those who are newly unemployed are not eligible.
The outlook for another subsidy renewal is up in the air. The Unemployment Compensation Extension Act of 2010 signed by President Obama on July 22, 2010, did not extend the COBRA premium reduction and support is lacking in Congress because of the cost to fund the premium assistance. Sen. Sherrod Brown (D-Ohio) and Sen. Robert Casey (D-Pa.) introduced a bill to reinstate the subsidy and pay for it by eliminating a tax break on annuity trusts. The proposal would again be retroactive for those who lost their jobs since June 1 and would extend the subsidy for six months instead of the 15 months.
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COBRA
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