The federal COBRA subsidy, introduced in March 2009, covered 65% of the cost of COBRA health insurance premiums for up to 15 months. In order to qualify for the subsidy, recipients must have originally become eligible for COBRA as the result of an involuntary termination of employment occurring between September 2008 and May 2010. The subsidy's last group of recipients -- those who began receiving assistance in May 2010 -- roll off the subsidy in August 2011.
As a result, they face a 186% increase in their monthly COBRA premiums...
Unless they are eligible to enroll in a new employer-based health insurance plan, former subsidy recipients who do not wish to go uninsured may opt to pay their COBRA premiums at the increased rate for an additional three months, until their COBRA eligibility ends.
Alternately, they may search for more affordable options in the individual & family health insurance market.
Insurance is designed to protect your risk financial risk., some plans are better than others for you and your family's health insurance needs.
The best thing we can do is to make sure you are equipped with the right questions, and assist you in finding the right plan for you and your family with multiple health insurance quotes.
Contact Health Benefits US Inc today and see insurance in a new way - a way that saves you money, a lot of money compared to COBRA, without reducing the benefits your family is accustomed to receiving.
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