COBRA/State Continuation Premium Subsidy

What is the Premium Subsidy?

While the debate over long-ranging health care reform in the United States heats up in Washington, thousands of Americans laid off in recent months are scrambling for options to maintain their insurance coverage.  Many are not aware of the subsidies passed in February by Congress as part of the stimulus package to help recently laid-off workers maintain their employer-based coverage.   We’ll address the larger issue of health care reform at another time.  For now, here’s a crack at a basic overview of the COBRA subsidy ava