End of COBRA Subsidy Rattles Unemployed

Arthritis Foundation Forum

Home

Welcome Guest ( Login | Register )

Rate Topic

Display Mode

Topic Options

Author

Message

Joy125

Posted Wednesday, October 28, 2009 5:42 PM

Group: Forum Members
Last Login: Today @ 5:53 PM
Posts: 2,353, Visits: 4,114

End Of COBRA Subsidy Rattles Newly Unemployed

By Rick Schmitt
Oct 28, 2009

Laura C. Trueman has spent much of her career promoting affordable health care. Now, she wishes she could find some herself.

Laid off from her marketing job at a managed-care company late last year, Trueman was able to keep her health insurance thanks to a provision in the federal stimulus bill that gave furloughed workers the right to purchase their old employer-based coverage at a 65% discount. The subsidies, which last up to nine months, were designed to give workers like Trueman time to get back on their feet.

Today, with the job market weak, Trueman is still without a job, and her family is bracing for an uncertain future. With the subsidies, she and her husband, a self-employed attorney were paying a manageable $460 a month for their health insurance; starting Dec. 1, the cost jumps to $1,313. They can ill afford the increase. They're already having trouble making their mortgage payment, and fear they might lose their Northern Virginia home. . . .

READ MORE:

http://www.kaiserhealthnews.org/Stories/2009/October/28/COBRA.aspx

________________________________________________________________________

I have learned that the greater part of our misery or unhappiness is determined not by our circumstance but by our disposition. MARTHA WASHINGTON

Post #4250907

Top

« Prev Topic | Next Topic »

All times are GMT -5:00, Time now is 6:13pm

Execution: 0.733. 40 queries. Compression Disabled.