Do you ever feel like God leads you to something? Well, He did. Kevin, I am going to print some info straight from the source I go it from, IG living magazine.
With the number of layoffs at an all time high, many people are at risk of losing the health insurance. And while Cobra is an option, it is an expensive one. For individuals who depend on expensive IG txs, the recently inacted federal stimulis package may help. According to Medical News Today or [url]www.medicalnewstoday.com[/url], Under the stimulus package, workers involuntarily terminated between 9/1/08 and 12/31/09 whose annual incomes do not exceed $125,000 for individuals and $250,000 for families, qualify for subsidies to cover 65 percent of the cost of health insurance premiums under cobra for as long as 9 months. In addition, individuals with preexisting conditions who did not take advantage of Cobra at the time of their termination are not penalized by a pre-existing clause. Even if moe than 63 days has elapsed which is normally considered the period in which a pre-existing clause would take effect, individuals merelu need to start paying for Cobra and their care will be covered. However, individuals only qualify for the Cobra subsidy for up to nine months from the time they begin paying for Cobra and when the Cobra subsidy terminates on 12/21/09. Employers were required to notify employees of the new Cobra subsidyplan no later than 4/17/09.
I typed this directly out of the booklet. Hope if helps. Promise to pray for Selah as a thank you