A change with COBRA Insurance

Some months ago, i read about a friend of mine that was suffering economically due to the heavy restrictions and costs implimented by COBRA insurance. I find their company fairly predictable and disturbing.
The economic stimulus legislature would reduce the preiums and extended coverage time for COBRA insurance. COBRA insurance would be required to notify ex employees of the change within 60 days. Workers who were laid off roughly around september 1, 2008 could possably qualify to pay only 35 percent of the premium. The employer would have to take on 65 percent of the left over premium. This would be considered a tax credit on their employment tax return.

Workers who were laid off between September and Febuary who dropped out of the insurance because they were unable to pay the high premium costs are able to get back on the insurance program. If you are potentially one of these people who may qualify for these specifics with COBRA insurance, please contact your local department of human services for more details.

Resource -Jeff B. Copeland