08.22.11
Final COBRA Subsidies Expire
The federal COBRA subsidy program which began in February 2009 will end this month. It provided up to 15 months of financial assistance for health insurance for laid-off employees. The last group of eligible recipients would have been terminated in May, 2010 and have been unemployed since.
The number of individuals who took the subsidy isn’t known. However, a study indicates that the number of employees who enrolled in COBRA coverage roughly doubled during the time when the subsidy was available.
From www.businessinsurance.com, posted Aug. 10, 2011.