COBRA Subsidy

Congress has extended the COBRA subsidy for involuntarily terminated employees. These employees may now receive COBRA benefits and pay only 35% of the price for those benefits for up to 15 months after losing their jobs. They still must elect to take COBRA within the standard 30 day window to do so. The extension now applies to employees involuntarily terminated between September 1, 2008 and February 28, 2010.

This may or may not be the best option for you if you qualify. It generally depends on your health situation how the price of COBRA (even at 35%) fits in your budget. AC Forrest would be happy to help you evaluate this option against other possibilities, such as individual health insurance. Contact us for a free consultation and comparative quotes.