A federal subsidy designed to make health insurance more affordable for laid-off workers has led to a doubling in the number of people who have opted to continue their former employer's coverage,
"A federal subsidy designed to make health insurance more affordable for laid-off workers has led to a doubling in the number of people who have opted to continue their former employer's coverage," USA Today reports.
The subsidy, created by the federal stimulus package, covers 65 percent of COBRA premiums for workers who were laid off between Sept. 1, 2008 and the end of this year.
What is health insurance & Its Policy?
Health insurance guarantees payments to a person in the event of sickness or injury.and works as protection scheme
Health insurance guarantees payments to a person in the event of sickness or injury.and works as protection scheme
USA Today adds: "Some employers have raised concerns that higher COBRA enrollments will increase their health care costs. Individuals who sign up for COBRA tend to file more claims than other workers, according to Edward Kaplan, national health practice leader at Segal, a human resources consulting firm, because they want to get as much medical treatment as possible before their coverage expires" (Block, 8/17).
Source-Kaiser Health News
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Health Insurance: Welcome Trends!
There’s Good news for senior citizens! Private health insurance companies show keen interest to give policies for senior citizens.
There’s Good news for senior citizens! Private health insurance companies show keen interest to give policies for senior citizens.
Workers With Employer Coverage Hurt by Rise of Out-of-Pocket Health Costs
Bethesda, MD -- The 161 million Americans with employer-sponsored health insurance are facing substantial increases in out-of-pocket (OOP) costs, according to a study published today
Bethesda, MD -- The 161 million Americans with employer-sponsored health insurance are facing substantial increases in out-of-pocket (OOP) costs, according to a study published today
Unemployed Americans Are In The Peril Of Being Uninsured
For many unemployed workers in the United States, the scariest part of losing their job is losing their health insurance.
For many unemployed workers in the United States, the scariest part of losing their job is losing their health insurance.
