COBRA- Is it a good option for you?

I have been answering a lot of questions about COBRA for many of my clients that have left their employment for whatever reason. COBRA is an extension of group coverage offered to employees that leave the company and the company has at least 20 employees. The Obama administration has implemented a subsidy on the premium for this coverage. The subsidy will pay 65% of the premium for those that qualify. One would need to contact their human resource department and ask if you are qualified for the subsidy. If you do, the subsidy will play out and end after 9 months. It may be a good option and a competitive rate. Taking this coverage for the nine months and then getting an individual plan is definitely something to consider. You can contact me with any questions on your particular situation. Good luck in all your effort. Have a great day!