President Obama recently signed legislation that allows the continuation of the COBRA Premium Subsidy for six more months--following the terms of the coverage. This means that qualified individuals pay 35% of their COBRA payments for 15 months rather than 9 months.
This legislation goes a long way to assist people to maintain adequate levels of health insurance protection while they are changing jobs.
The link does not have information about the extended coverage--perhaps that is too new for the website.
Wednesday, December 23, 2009
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