Thursday, December 24, 2009 - 7:39pm
COBRA health coverage subsidy extended
| By Frank Gerace
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Delaware's Lieutenant Governor wants you to know about an expansion of the federal stimulus program designed to help those who lose their jobs keep their healh insurance.
Matt Denn says under the stimulus bill, the federal government pays 65 percent of the
cost of replacement health insurance for workers at larger companies who lose their
jobs. Audio Here
Before the stimulus bill passed, workers had to pay the full cost of buying into their
former employer's health plans, plus a 2-percent surcharge under the federal Consolidated
Ominibus Budget Reconciliation Act, or COBRA program.
To learn more, you can call Denn's office or click
here
Copyright © Sep 08, 2010, WDEL/Delmarva Broadcasting Company. All Rights Reserved.
This material may not be published, broadcast, rewritten, or redistributed.
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