COBRA Subsidy Program

This is not a government site, and designed to help individuals understand the concept.

The new COBRA subsidy program is included among the components of the federal government’s economic stimulus package, the American Recovery and Reinvestment Act. The Act provides a 65 percent federal subsidy on COBRA continuation coverage premiums to all qualified beneficiaries receiving continuation coverage due to the covered employee’s involuntary employment termination between September 1, 2008 and December 31, 2009.

COBRA beneficiaries are eligible for the
65 percent premium for a maximum of 9 months, beginning March 1, 2009. This is not retroactive.

Check with your agent, state official site for all the info!
The Federal government is still developing details of the subsidy. The government will be sharing details about this over the next 30 days, and as they do, we will communicate them to our visitors.

If you are wondering how this law impacts your book of business, we believe that it can have a positive impact on your sales growth. For some the new American Recovery and Reinvestment Act will be beneficial, for others, Blue Shield may have more affordable options.