Dec 30 2009
To the relief of possibly millions of laid-off
workers who've received pink slips or were previously receiving the COBRA
health insurance subsidy provided by the American Recovery and Reinvestment
Act (ARRA) of 2009, the Foundation for Health Coverage Education (FHCE)
www.coverageforall.org is providing answers to what workers should do to
fully benefit from Congress' latest extension of subsidy benefits as well
as other lesser known government health coverage options.
This latest Congressional action provides relief for workers who were
involuntarily terminated between September 1, 2008 and February 28, 2010
(an additional 2 months). The government will subsidize 65% of their
premiums under COBRA for 15 months (an additional 6 months). This subsidy
also applies to healthcare continuation coverage if required by the state.
"For the average family of a laid-off worker, this means a monthly payment
of $374 instead of $1,068 for health insurance," said Ankeny Minoux, FHCE
President. "This is a significant cost break for those still looking for
work and trying to hold on to their coverage."
"For those who may not qualify for this subsidy but are seeking other
public options, we have made signing up for publicly sponsored health
insurance much more user-friendly," said Minoux.
Studies estimate that one-third of Americans who are eligible for
government sponsored programs -- as many as 14 million people -- are not
aware of their eligibility or just not signed up. Any person interested
learning more can visit www.coverageforall.org and take the 5-Question
Eligibility Quiz to begin the process of understanding their health
coverage options.
SOURCE: Foundation for Health Coverage Education