COBRA Resources

What is COBRA?

COBRA is a federal law. It allows people who leave jobs at businesses with twenty or more workers to buy health insurance from their former employers at the price the employers paid, plus some fees. People usually may buy health insurance for up to eighteen months. They may buy health insurance for themselves and for other family members.

Can I Get Help Paying My COBRA Premiums?

In February 2009, Congress passed a federal stimulus bill to help people who were laid off between September 1, 2008 and December 31, 2009, and who wanted to buy health insurance through COBRA. Under the bill, the federal government would pay for 65% of the COBRA premiums for up to nine months. People would have to pay the remaining 35% of the premiums. Congress has extended the COBRA portion of the stimulus bill several times. Now, the bill helps people who were laid off between September 1, 2008 and May 31, 2010. The federal government will pay for 65% of the COBRA premiums for up to fifteen months – a six-month extension of the original stimulus bill.

Have More Questions About COBRA Premium Assistance?

Then check out the following resources: