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Secova Reports Healthcare Provisions In The Stimulus Bill
Date:3/19/2009

Legislative Language to Health Provisions

Newport Beach, CA. (PRWEB) March 19, 2009 -- Secova, a leading provider of human resource and benefits management services, today released a summary of the healthcare provisions in the $787 billion stimulus package. In the face of the significant changes from Barack Obama’s new administration, Secova is working diligently to identify all possible areas of impact to assist businesses in understanding the healthcare provisions signed by our president on February 17, 2009.

“On a legislative note, this law is very new and there are still many unanswered questions that the administration must address,” said Chris Bognanno, Policy Liaison for Congressman John Campbell. “The Congressman believes it is imperative that these questions regarding the newly passed healthcare provisions be answered in a detailed and timely manner so businesses can avoid any disruption during this economic crisis.”

The following is an overview based on analysis from Secova experts on the legislative breakdown provided by the Congressman’s office, detailing the healthcare provisions effective immediately.

Legislative Language to Stimulus Health Provisions

1. Provisions for Cobra: Jobless workers can temporarily keep group health benefits under the 1986 Cobra law, but the cost is often prohibitive because they must pay the entire premium, including the employer’s share. Under the stimulus bill, the federal government would offer premium subsidies to laid off individuals electing COBRA continuation in coverage from their former employers, paying 65% of the c
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