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Cobra benefits under the stimulus plan

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Posted: Thu Nov 12, 2009 10:41 am   Post subject: Cobra benefits under the stimulus plan   I've heard that under the economic stimulus plan we could be enjoying a premium reduction for Cobra. Has it really come to effect? _________________ Register Now to have your Insurance queries solved.	Crossbreed Guest
Posted: Thu Nov 12, 2009 5:38 pm   Post subject:    The subsidy for COBRA premiums has been active for months...literally. It pays 65% of your COBRA premium and looks like it's going to be extended for another 6-9 months after the current subsidy expires in December of this year. Here's a link for info: Quote: http://www.irs.gov/newsroom/article/0,,id=204505,00.html InsTeacher	InsTeacher Moderator Joined: 13 Aug 2007 Posts: 1331 Location: Oregon, USA 118.58 Dollars($)
Posted: Fri Nov 13, 2009 4:52 am   Post subject:    If you've lost your job during the period 09/01/08 - 12/31/09, then only the premium reduction would be applicable to you. Those who'd meet the eligibility for Cobra would need to bear 35% of the entire premium while the rest would be met by their ex-employer.	steven Senior member Joined: 02 Feb 2006 Posts: 1553 215.65 Dollars($)
Posted: Tue Nov 17, 2009 6:14 am   Post subject:    Here's a link that discusses a possible extension of the current COBRA subsidy program: http://employmentlawpost.com/hrnews/2009/10/28/congressman-introduces- cobra-subsidy-extension-legislation/ Looks as if they're going to extend the subsidy and allow additional people into the program. It's gonna likely pass due to high unemployment. InsTeacher	InsTeacher Moderator Joined: 13 Aug 2007 Posts: 1331 Location: Oregon, USA 118.58 Dollars($)
Posted: Wed Nov 18, 2009 3:31 am   Post subject:    not really on topic I know, but COBRA has to be about the coolest sounding insurance program out there. _________________ Get free insurance quotes or Purchase auto Insurance online in minutes.	heidrek Senior member Joined: 19 Oct 2009 Posts: 236 36.87 Dollars($)
Posted: Wed Nov 18, 2009 6:07 am   Post subject:    If a person who's eligible for Cobra benefits gets disabled then the cobra law would allow his coverage to be continued. The disabled person would need to contact the Social security administration within 60 days once his cobra coverage commences. The individual would also need to hand in a copy of the social security ruling letter to the policy coverage administrators.	steven Senior member Joined: 02 Feb 2006 Posts: 1553 215.65 Dollars($)
Posted: Sat Nov 21, 2009 3:37 am   Post subject:    Steven...excellent post. Quote: If a person who's eligible for Cobra benefits gets disabled then the cobra law would allow his coverage to be continued. The disabled person would need to contact the Social security administration within 60 days once his cobra coverage commences. The individual would also need to hand in a copy of the social security ruling letter to the policy coverage administrators. InsTeacher	InsTeacher Moderator Joined: 13 Aug 2007 Posts: 1331 Location: Oregon, USA 118.58 Dollars($)
Posted: Sat Nov 21, 2009 8:54 pm   Post subject:    it has already taken in effect. It ends in December 09. Visit (LINK REMOVED BY MODERATOR-LORI)	InsuranceMedics New member Joined: 07 Nov 2009 Posts: 8 2.19 Dollars($)
Posted: Tue Nov 24, 2009 5:32 am   Post subject:    InsuranceMedics, welcome to the forum. My last post was referring to the fact that Congress is considering extending the subsidy program and allowing new persons entry into the program after it's ending date of the end of this year. Please do not post links within your posting. You are free to post links that meet TOS guidelines beneath your signature line. Thanks. InsTeacher	InsTeacher Moderator Joined: 13 Aug 2007 Posts: 1331 Location: Oregon, USA 118.58 Dollars($)

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