COBRA subsidy for unemployed set to expire


On December 31, the government subsidized health insurance under the COBRA program is set to expire.

What is COBRA? COBRA is a federal program that allows you to continue your health insurance after you leave a company. If you choose this option, you must pay your share and the company's share of your health insurance. For singles it averages about $400.00 and for families it averages $1050.00


To help the unemployed keep their health insurance, Congress passed a law subsidizing 65% of monthly health insurance premiums. The law covers those laid off between September 1, 2008 through December 31, 2009. Unemployed persons can receive the subsidy for nine months.

For those who started receiving the subsidy on the first possible month, March1, their subsidy will expire on November 30

If you are unfortunate enough to lose your job between now and December 31, you still can qualify for the subsidy. However, after December 31, you will not qualify..

Should Congress extend this program?

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