Top Stories

The government will fully cover laid-off workers’ COBRA premiums

0


Cunaplus_M.Faba | iStock | Getty Images

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.

More from Personal Finance:
How to choose who fills key…



Source cnbc.com

Weekly jobless claims rise by 712,000 ahead of $1.9 trillion Covid relief bill

Previous article

Ulta shares tumble on weaker-than-expected outlook, retailer taps Dave Kimbell as CEO

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Top Stories