U.S. helps pay for Cobra
Wall Street Journal, September 8, 2009
As part of the stimulus package, the U.S. government is temporarily reducing healthcare premiums by 65% for some people continuing group health coverage under the Consolidated Omnibus Budget Reconciliation Act, or Cobra. Individuals have 60 days from the time they're notified of their eligibility to accept Cobra. The Cobra subsidy can lower an individual's monthly premium to about $140 from about $400, according to the Kaiser Family Foundation.
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