Reminder: COBRA subsidy extended
As reported in mid-April, the eligibility period for the COBRA subsidy was extended by Congress through May 31.
COBRA is a federal program that permits those who lose their jobs and employer-provided health care to retain their health care through out-of-pocket payments equivalent to what they and the employer previously were paying. The subsidy helps bridge the financial gap.
If a person qualifies for the reduced COBRA premium rate, they would be responsible for payment of only 35 percent of the current COBRA monthly premium for a period of between 12 and 15 months. All other provisions of the prior legislation remain the same.
If you have further questions on the COBRA subsidy extension, you may contact UnitedHealthcare at (800) 842-5252.