COBRA Subsidy to End

Nothing lasts forever, even in the LaLa world of Washington. The land where money seemingly grows on tree's has at least for now seen a halt in reckless spending. 

U.S. workers who lost their jobs as of June 1 won’t be eligible for a 65 percent federal subsidy to help pay for health insurance under an unemployment bill Congress will send to President Barack Obama for signing.

Eligibility for the financial help expired May 31, meaning workers who lost their jobs after that date don’t qualify. Those already receiving the benefit may continue to pay reduced premiums for up to 15 months, according to the Department of Labor.

Had Washington spent their resources on encouraging the private sector to create jobs instead of pissing money away on welfare programs there might not be a need for continued assistance.

Workers who lose their job and are no longer eligible for the health-insurance subsidy should check if they or their children may be eligible for other public aid such as Medicaid and the Children’s Health Insurance Program, said Kaiser’s Schwartz.

Most folks would rather have a job than rely on public assistance. Given the anti-capitalist mood of the White House it doesn't appear the economy and the jobs that come with it will turn around any time soon.

Options for the Unemployed

Insurance giant Aetna released a report which is a poor reflection on our ability as agents to get the word out about Georgia health insurance plans.

With unemployment exceeding 8%, thousands are finding themselves out of work and (apparently) no clue about their health insurance options.

The survey found that 69 percent of consumers had never heard of individual health insurance plans or did not know much about them. While general awareness of COBRA plans was higher, 38 percent of respondents said they expected to pay the same premiums as when they were employed.

Some of the blame can lie at the feet of employers who rarely do enough to educate their workforce on the value of health insurance benefits. But I find it almost incredulous that 69% have never heard of individual insurance plans. [Read more…]