July 27, 2010

COBRA Subsidy not included

Although Congress passed (and the President signed) a six-month unemployment insurance extension bill last week, none of the health-related additions made the final cut. The signed bill does not include an extension of the 65 percent COBRA subsidy and does not include any Medicaid relief for the states. 

These items will be in limbo until the Fall -- after the elections -- if at all. Congress still has pending work on the 2010 Medicare physician reimbursement rate fix, which runs out on November 30th.

If you are presently on a COBRA plan you may qualify for an individual health insurance plan for much less than you are currently paying. Shop online at www.quotebroker.com to review all popular health insurance plans in your state. Quotebroker provides free instant health insurance proposals and plan comparisons, or call (800) 783-0802.