COBRA subsidy extended through March

3/3/10 - Employees laid off in March 2010 are eligible for federal COBRA subsidies. This provision of the subsidy was scheduled to expire on February 28, 2010 but Congress passed a 31 day temporary extension of the federal program. President Obama signed this into law last evening. Eligible employees have 65% of the cost of their COBRA insurance premium paid by the federal government.

We are still unable to predict the outcome of proposed legislation to extend COBRA benefits even longer. A bill being considered in the Senate proposes to extend COBRA premium subsidy benefits to those laid off anytime in 2010.

Those not eligible for COBRA or the premium subsidy may find other options on the COBRA Alternatives page.

Have a COBRA or COBRA alternative question?
OnlineAdviser service  provides free, professional and confidential e-mail support.

COBRA or COBRA alterative gap insurance coverage provides temporary protection when changing jobs, going through a divorce or negotiating other life transitions. Choosing the right health insurance is crucial to guarantee health and financial security.

This site is sponsored by OnlineAdviser service providing plan selection and enrollment support for over 30 of the most affordable short term  health insurance plans.