Cobra?

[shmike]

As in the insurance plan (or continuation of for you smarty pants').

Anyone here on COBRA?

[Particle Man]

no... but did you have a question about it?

[Frostz28]

if I could afford it I would be but its outragous! so for now i have no insurance!! better be careful. maybe I should stop roofing! lol

[Trip]

http://thenoz.files.wordpress.com/2009/03/cobra-commander-demotivationalmoral-poster-fuck-off1.jpg

[Ninjakel]

Nope. I couldn't afford it.

[Rsv1000R]

I have. What I got was the same as what I had from my employer, it just wasn't cheap. If you have an expensive pre-existing condition it might be your only choice, no existing conditions and you can probably find coverage for less. After my 18 (?) months of cobra, I joined a local small business association which had group coverage and as long as you had coverage, pre-existing conditions were covered.

[shmike]

no... but did you have a question about it?

No, I am pretty well versed.

My wife is on it currently though.

I was unaware of the provisions of the 2009 ARRA and the premium reductions it provided.

It looks as though the qualification is pretty straight forward and the income threshold is high enough that real people will actually be able to take advantage of it.

Not us, but other real people hopefully. :lol:

[shmike]

if I could afford it I would be but its outragous! so for now i have no insurance!! better be careful. maybe I should stop roofing! lol

Nope. I couldn't afford it.


You guys need to check out the website then.

http://www.dol.gov/dol/topic/health-plans/cobra.htm

Specifically, here:

http://www.dol.gov/ebsa/COBRA.html

[JARVIS518]

i will b on it in about 3 weeks
cant take the chance to go without insurance, im to fragile

[TYEster]

LOL damn I thought this was about something else...

"I'll blow us all to hell!"

"Go ahead... I don't shop here"

HAHAHA.

[bmblebee]

Here is the info I was just sent in an update from the IRS about provisions in The ARRA...

Health insurance continuation (COBRA) subsidy. Workers who have lost their jobs may qualify for a 65 percent subsidy from their former employers for COBRA continuation premiums for themselves and their families for up to nine months. Eligible workers will have to pay the remaining 35 percent of the premium to their former employers. To qualify, a worker must have been involuntarily terminated between Sept. 1, 2008, and Dec. 31, 2009, and the former employer must still be in business and offer health benefit coverage.

Workers who lost their jobs between Sept. 1, 2008, and Feb. 16, 2009, but did not initially choose COBRA coverage or initially chose COBRA coverage and dropped it before Feb. 17, 2009, get an additional 60 days to elect COBRA and receive the subsidy.

The subsidy starts to phase out for individual taxpayers with adjusted gross income in excess of $125,000 for individuals or $250,000 for married couples filing jointly.

Eligible workers will have to pay 35 percent of the premium to their former employers.


Employers should use the updated Form 941, Employer's Quarterly Federal Tax Return, to report their COBRA premium assistance payments.

The Form 941 Instructions explain how to complete lines 12a and 12b, which address the COBRA premium assistance payments.

Additional information may be found in Notice 2009-27, Premium Assistance for COBRA Benefits.

I can only help from a tax stand point, but you should contact the US Dept of Labor for more complete information

[HurricaneHeather]

Wow...COBRA might actually help people? :lol: I am mildly kidding. I know that if I lost my job right now I'd probably have to use it :(