Monday, May 4, 2009
The recent economic stimulus package provides some subsidies for Cobra coverage . I recently received a letter from my former employer about this. However I don't appear to benefit. As previously noted my former employer was already picking up the cost for medical insurance under Cobra for a year so the 65% subsidy for nine months doesn't help there. My former employer was not subsidizing dental insurance under Cobra so I would get a small benefit except for the fact that I will probably be over the income limit (for singles the subsidy phases out between 125k and 145k) and have to repay the subsidy on my 2009 taxes. Nor do I benefit from the second opportunity provided to elect Cobra coverage. I would have benefited more by the proposals to extend the 18 month Cobra limit but these were removed from the final bill. I can't complain too much as I have less need than most of the recently unemployed.