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You may qualify for a 65% reduction in COBRA premiums

The COBRA provisions under the 2009 Stimulus law have been extended. If you are laid-off on or before May 31, 2010, you may qualify for a 65% premium reduction for up to 15 months.

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COBRA-Stimulus Movie

COBRA-Stimulus Profile: Sandra

Sandra was laid off in April 2010 and wants to continue her health insurance with COBRA continuation coverage. She recently received notification that an extension of the stimulus law may reduce her COBRA premiums by 65% for up to 15 months. Sandra sent in the application form and qualified for the reduced premiums.

Sandra's New COBRA Premium:

	$600.00	Previous COBRA premium
–	$390.00	COBRA premium reduction
=	$210.00	New COBRA premium

This profile is provided for illustrative purposes only. It is not intended to provide actual premium savings, tax, financial, or investment advice. Consult your tax advisor.

To estimate your COBRA premiums click here.

The information contained herein is drawn from sources that are believed to be reliable, but it cannot be guaranteed as to completeness or accuracy. The content is not intended to be, and should not be relied upon as, tax, legal, financial, or health planning advice, or as advice in relation to the requirements of COBRA, HIPAA, ERISA, or ARRA. Consult your tax advisor, COBRA advisor, or legal counsel for advice specific to your circumstances.