{"id":601,"date":"2010-06-07T12:24:31","date_gmt":"2010-06-07T17:24:31","guid":{"rendered":"https:\/\/www.insureyourcompany.com\/?p=601"},"modified":"2024-05-08T10:10:54","modified_gmt":"2024-05-08T14:10:54","slug":"cobra-subsidy-expires","status":"publish","type":"post","link":"https:\/\/insureyourcompany.com\/blog\/cobra-subsidy-expires\/","title":{"rendered":"COBRA Subsidy Expires"},"content":{"rendered":"<p>In February of 2009, President Obama created a 787 Billion Dollar stimulus program intended to help Americans during our present recession. As part of the stimulus bill a 65 percent subsidy was started for Americans who were involuntary terminated from their jobs. The subsidy was extended in April, but expired May 31<sup>st<\/sup>.<\/p>\n<p>Americans that lose their job after June 1<sup>st<\/sup> will have to pay the entire premium for COBRA coverage. According to Families USA, a consumer advocacy group, the monthly premium alone can eat up to 84 percent of a person\u2019s unemployment check.<\/p>\n<p>The extension of the COBRA subsidy was rejected by House Democrats to reduce the costs of a new jobs and tax bill that proposed extending the subsidy through December 31<sup>st<\/sup>. The extension would cost 7.8 Billion Dollars according to a report by CNN.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In February of 2009, President Obama created a 787 Billion Dollar stimulus program intended to help Americans during our present recession. As part of the stimulus bill a 65 percent subsidy was started for Americans who were involuntary terminated from their jobs. The subsidy was extended in April, but expired May 31st. Americans that lose [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[6,1],"tags":[10,5,23],"class_list":["post-601","post","type-post","status-publish","format-standard","hentry","category-health-insurance","category-uncategorized","tag-cobra-health-insurance","tag-health-insurance","tag-healthcare-reform"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 5.0.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"In February of 2009, President Obama created a 787 Billion Dollar stimulus program intended to help Americans during our present recession. As part of the stimulus bill a 65 percent subsidy was started for Americans who were involuntary terminated from their jobs. 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