Healthcare Advocacy, Solving health benefit issues
12120 State Line Road, Suite 276, Leawood, KS 66209
12120 State Line Road, Suite 276, Leawood, KS 66209
Did you know that if you leave your current job, you may be able to keep your
health benefits under the federal COBRA law or through similar state laws?
* The stimulus package, which was enacted as the American Recovery and
Reinvestment Act of 2009 (ARRA) temporarily reduces the premium for COBRA
and the state “Mini-COBRA” coverage for eligible individuals.
If you qualify for the COBRA subsidy:
- You will pay a reduced premium of 35%.
- The remaining 65% is reimbursed to the health plan via a tax credit.
The rules for qualifying for the reduced COBRA premium subsidy include:
- You elect COBRA coverage (when first offered or during the additional
election period provided by ARRA). - The COBRA election opportunity relates to an involuntary termination of
employment that occurred at some time from September 1, 2008
through December 31, 2009. Involuntary termination includes lay-offs. - You may earn no more than $125,000 (or $250,000 for married couples
filing a joint federal income tax return).
The maximum duration of the subsidy is generally until the earliest of:
- 9 months.
- You become eligible for other group health plan or Medicare.
- You reach the end of COBRA continuation period.
Is COBRA your only option? We thoroughly review with you your health
coverage needs and then recommend which option would be best for you and
your family.
For more information, contact:
- U.S. Department of Labor, COBRA or 866.444.3272 or 866.444.3272.
- Healthcare Advocacy: 816.268.0334
Copyright © Healthcare Advocacy. All rights reserved.
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| COBRA: Continuation of Coverage |