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The government will pay for laid-off workers to maintain their employer-sponsored health insurance through September, thanks to a provision in the $1.9 trillion stimulus package signed into law on Thursday by President Joe Biden.
As part of the relief bill, the government will subsidize COBRA premiums for former workers of a company until the fall. COBRA, or the Consolidated Omnibus Budget Reconciliation Act, permits people who leave a company with 20 or more employees to pay to stay on their workplace insurance plan for as long as 18 months.
But the option tends to be prohibitively expensive.
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