Hewitt Analysis Shows COBRA Enrollment Rates Remain High Despite Government Subsidy Program Expiration
Under the COBRA law, terminated workers may continue employer-sponsored health coverage by paying 100 percent of the health care premium plus an additional 2 percent to cover administrative costs. This translates to roughly $8,800 a year in COBRA health care costs for the average worker. Enacted in March 2009, the COBRA subsidy under the American Recovery and Reinvestment Act of 2009 (ARRA) required eligible employees to pay only 35 percent of the COBRA premium, or about $3,000 a year for the average worker. The subsidy lasts for up to 15 months for workers who were involuntarily terminated between September 1, 2008 and May 31, 2010.
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