Right to Privacy

[20 20]

Q2: What does COBRA do?
COBRA provides certain former employees, retirees, spouses, former spouses, and dependent children the right to temporary continuation of health coverage at group rates. This coverage, however, is only available when coverage is lost due to certain specific events. Group health coverage for COBRA participants is usually more expensive than health coverage for active employees, since usually the employer pays a part of the premium for active employees while COBRA participants generally pay the entire premium themselves. It is ordinarily less expensive, though, than individual health coverage.


I really like the wording that goes with this answer, . Lets say you do lose your job and can get COBRA, now you can choose to pay for coverage or food which hand gets the money?

 

[dcyrilc]

COBRA was set up for when and if you leave your job you can pay and stay on the same insurance you were on with the company until you either change plans or become employed again.
To help with any transition.
FAQs For Employees About COBRA Continuation Health Coverage

Thanks.

 

[dcyrilc]

Q2: What does COBRA do?
COBRA provides certain former employees, retirees, spouses, former spouses, and dependent children the right to temporary continuation of health coverage at group rates. This coverage, however, is only available when coverage is lost due to certain specific events. Group health coverage for COBRA participants is usually more expensive than health coverage for active employees, since usually the employer pays a part of the premium for active employees while COBRA participants generally pay the entire premium themselves. It is ordinarily less expensive, though, than individual health coverage.


I really like the wording that goes with this answer, . Lets say you do lose your job and can get COBRA, now you can choose to pay for coverage or food which hand gets the money?

I have a story about Group Health but it will have to wait until after I get to work. I'll try to make time at lunch to share it.

 

[dave1949]

20_20 is right, before the Recovery Act subsidy and extensions, if you lost your job, COBRA costs would be very hard to cover without digging deeply into savings, it was quite expensive.

Here is a summary of the qualification for the subsidy and extension:
COBRA Continuation Coverage Assistance Under The American Recovery And Reinvestment Act Of 2009
The American Recovery and Reinvestment Act of 2009 (ARRA), as amended on March 2, 2010 by the Temporary Extension Act of 2010, provides for premium reductions for health benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985, commonly called COBRA. Eligible individuals pay only 35 percent of their COBRA premiums and the remaining 65 percent is reimbursed to the coverage provider through a tax credit. To qualify, individuals must experience a COBRA qualifying event that is the involuntary termination of a covered employee's employment. The involuntary termination must generally occur during the period that began September 1, 2008 and ends on March 31, 2010. (An involuntary termination of employment that occurs on or after March 2, 2010 but by March 31, 2010 and follows a qualifying event that was a reduction of hours that occurred at any time from September 1, 2008 through March 31, 2010 is also a qualifying event for purposes of ARRA.) The premium reduction applies to periods of health coverage that began on or after February 17, 2009 and lasts for up to 15 months. See Temporary Extension Act of 2010.

Dave.

 

[riptides]

I knew I smelled something bad....I think that meat is Rotten.

You wanted one example, you got one example.

 

[brin]

You wanted one example, you got one example.

Yes and I am still waiting for an example of just on successful "program" that actually was profitable and was run and administered by the US Government...not a stock sale. Nice try though.

 

[dave1949]

Yes and I am still waiting for an example of just on successful "program" that actually was profitable and was run and administered by the US Government...not a stock sale. Nice try though.

Morning Bob,

How about the IRS :laughing:

Actually, I think you must mean effective or efficient, not profitable. Gov't programs are not designed to be profitable. Profit making is normally restricted to the private sector.
Dave.

 

[riptides]

Yes and I am still waiting for an example of just on successful "program" that actually was profitable and was run and administered by the US Government...not a stock sale. Nice try though.

What part of "program" are you missing in the TARP "program" being run under the US Treasury Department? Last I checked, Treasury was an agency under the US Government.

Nice try, but I think carrying on like this is not getting us anywhere. Have a nice day.

 

[FallbrookFarmer]

What part of "program" are you missing in the TARP "program" being run under the US Treasury Department? Last I checked, Treasury was an agency under the US Government.

Nice try, but I think carrying on like this is not getting us anywhere. Have a nice day.

Hi Riptides:
A question, If the TARP program actually did make a profit, when can I expect my share of the pie

 

[dave1949]

Hi Riptides:
A question, If the TARP program actually did make a profit, when can I expect my share of the pie

Howdy FallbrookFarmer,
Check's in the mail.
Dave.