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

osts up to nine months.
   
The aid would be available to workers who lose their jobs between September 1, 2008 and December 31, 2009. The provision is for $25.1 billion. To qualify workers must certify that eligibility to individuals with adjusted gross incomes does not exceed $145,000 and families do not exceed $290,000. In addition, the conference report does not include the language in the house bill that would permit former employees over age 55, or those with at least 10 years of service with the employer, to remain on COBRA until becoming eligible for Medicare.

For additional information on COBRA and what it means to corporate benefits administration we have provided you with Secova’s Help Book that can be downloaded through this link: ARRA – COBRA Subsidy Administrative Compliance Strategy.

2. Qualifying Individual Program: Extends 12 months, through December 2010, the Qualifying Individual program, which provides assistance through Medicaid for low-income seniors to pay their Medicare premiums, at a cost of $562 million. The original house bill did not include this provision.

3. Medicaid Assistance to States: The final bill provides a huge infusion of federal money to the states for Medicaid, the health insurance program for low income people. A compromise was reached between the House and Senate formulae for the $87 billion increase in the federal Medicaid match. 65% of the increase is provided on an across – the – board basis, with the remaining 35% allocated to states experiencing high unemployment. Without the money, states say they would probably cut the program, so that many people would lose coverage at a time when the need is growing.

Medicaid for the Unemployed: The language was removed f
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Source: PRWeb
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