Laid off? Pay 35% of your Cobra Premium for 9 Months

 

I just learned of this and I have to share.  If you were laid off after Sep 2008 you may qualify for a Cobra Premium reduction.  You’ll pay 35% of the premium and your employer will get a tax credit for the rest.  The program length is 9 months which is a good deal. 

I don’t know about you but Cobra is for the most part worthless it’s way to expensive.  Now however, it can be more affordable and maybe even cheaper then health insurance on the open market. 

This all comes about via the governments stimulus package.

 

Please call your employer today.  I bet they haven't called you yet. 

Check out this link for all the details:

http://www.dol.gov/ebsa/faqs/faq-cobra-premiumreductionEE.html

My thanks to Chris Roscoe for turning me on to this.