Philadelphia, PA (PressExposure) May 26, 2009 -- For many recently unemployed people in Pennsylvania the cost of health insurance has become an extremely expensive luxury. Although COBRA is there to act as a safety net so you can continue your current insurance, the cost of keeping that coverage is usually very high.
In an attempt to help ease the pain of these high rates President Barack Obama signed the "COBRA Health Insurance Coverage Continuation Law" on February 17th 2009. Under the law the government would pay sixty five percent of a person's COBRA insurance for up to nine months. To be eligible for the benefit you would have to had lost your job between September 1, 2008 and Dec. 31, 2009. The law also requires not having income higher than $125,000 as an individual or $250,000 as a family.
Although this is a big help for some it does not help everyone. What people don't realize is COBRA only applies to those who work for companies with twenty or more employees. If your employer in under this threshold they do not have to offer you COBRA. Lawmakers in Pennsylvania are in the process of drafting legislation which will extend COBRA coverage to those who work for small businesses under the twenty employee mark. According to State Rep. Anthony M. DeLuca the difference in the Senate and House bills should be resolved and that a bill would be on the governor's desk shortly.
With the passage of this legislation, people in Pennsylvania currently not benefiting from COBRA would receive the same sixty five percent subsidy which was signed into federal law earlier this year.
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