Navigation Links
Economic Stimulus Package to Provide COBRA Subsidies to Laid-Off Workers, Says MedicareSupplementPlans.com
Date:7/23/2009

Some laid-off workers can expect help from the federal government as President Obama’s new economic stimulus package provides health care assistance via COBRA subsidies, says MedicareSupplementPlans.com.

Los Angeles, CA (Vocus) July 23, 2009 -- Many laid-off workers will be eligible to receive healthcare coverage assistance through federal COBRA subsidies under the economic stimulus package, known as the American Recovery and Reinvestment Act of 2009 (ARRA), recently signed into law by President Obama.

Eligible individuals will pay 35 percent of their COBRA premium; their employers will subsidize the remaining 65 percent for a set period of time, generally not longer than nine months. The subsidy applies to COBRA payments made after February 17, 2009.

According to Alan Weinstock, an insurance broker at http://www.MedicareSupplementPlans.com, "This is important news for working seniors, because the loss of secondary insurance through an employer can be an extreme financial burden. Too often, high premiums are a hardship and too expensive even to consider. Now eligible laid-off seniors will be able to retain their COBRA coverage at a much lower rate."

Weinstock indicates that for Medicare participants who are laid off and not eligible for the COBRA subsidy, one alternative is an affordable Medicare supplement insurance plan. Information about Medicare supplement insurance plans can be obtained by visiting http://www.MedicareSupplementPlans.com.

COBRA, an abbreviation of the Consolidated Omnibus Budget Reconciliation Act, allows workers to temporarily keep group health insurance benefits lost upon becoming unemployed.

To be eligible, a worker or a family member must have been involuntarily terminated from employment and eligible for COBRA between September 1, 2008, and December 31, 2009, with an annual income less than $125,000 for singles or $250,000 for married couples. Additionally, those who declined to sign up for COBRA when terminated may have a new opportunity to enroll. Eligible employees should receive a notice from their employer.

More information about the American Recovery and Reinvestment Act and COBRA continuation coverage assistance is available at http://www.dol.gov/ebsa/cobra.html.

# # #

Read the full story at http://www.prweb.com/releases/MedicareSupplementPlans/7-23-09/prweb2656774.htm.


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved

Related medicine news :

1. Neusoft Becomes First Global Growth Company Partner of World Economic Forum
2. McKesson Corporation CEO to Address the Detroit Economic Club on Preserving Our Healthcare System and Improving Quality of Life
3. Research!America Honors Univ. of Chicago Economists for Study Showing Economic Impact of HIV/AIDS Drug Development
4. AHRQ Expands Therapeutics Education and Research Centers and Adds New Topics: Health IT, Economics, Formularies
5. MedImmune presents new pharmaco-economic data at AAP regarding infants at high risk for RSV
6. Economic motivation may affect how often some physicians order imaging studies
7. BioElectronics Corporation Receives 2007 Economic Development Innovator of the Year Award
8. Through-Wave Ultrasound: Effective, Economical and Ideal for Breast Imaging, Biopsy
9. MedPAC Again Fails to Evaluate Overall Economic Conditions in Assessing SNF Funding Requirements
10. Skatepark injuries can incur economic pain
11. AARP Calls New EEOC Policy A Civil Rights and Economic Fiasco
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... ... ... Topical BioMedics, Inc, makers of Topricin and MyPainAway Pain Relief Products, join The ‘Business for ... $12 an hour by 2020 and then adjusting it yearly to increase at the same ... wage, assure the wage floor does not erode again, and make future increases more predictable. ...
(Date:6/24/2016)... ... June 24, 2016 , ... EB Medicine presented its first-ever ... Medicine conference in Ponte Vedra Beach, FL. The awards honor the outstanding work ... Practice and Pediatric Emergency Medicine Practice. , “With this award, we recognize ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... ... client, The Grove Investment Group (TGIG), has initiated cultivation and processing operations at ... Las Vegas and Pahrump, Nevada. , Puradigm is the manufacturer of a complete ...
(Date:6/24/2016)... ... June 24, 2016 , ... National recruitment firm ... sciences executive with extensive sequencing and genomics experience, as Vice President of North American ... Hill will be responsible for leading the sales team in the commercialization of the ...
(Date:6/24/2016)... ... June 24, 2016 , ... Today, MTI-GlobalStem, ... (iPS) cells and other difficult to transfect cells, announces its launch of the ... G9™ Gene Editing System is a complete system for culturing and transfecting ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... -- Research and Markets has announced the addition ... report to their offering. ... The World Market for Companion Diagnostics covers the world ... in the report includes the following: , ... by Region (N. America, EU, ROW), 2015-2020 , World ...
(Date:6/23/2016)... , June 23, 2016  MedSource announced today ... its e-clinical software solution of choice.  This latest ... possible value to their clients by offering a ... preferred relationship establishes nowEDC as the EDC platform ... MedSource,s full-service clients.  "nowEDC has long been a ...
(Date:6/23/2016)... , June 23, 2016 Roche (SIX: RO, ... clearance for its Elecsys BRAHMS PCT (procalcitonin) assay as ... or septic shock. With this clearance, Roche is the ... fully integrated solution for sepsis risk assessment and management. ... bacterial infection and PCT levels in blood can aid ...
Breaking Medicine Technology: