Sunday, January 25, 2009

Keeping Health Insurance while you're unemployed

According to the NY Times , the Obama administration is investigating ways at easing the burden of health insurance for many americans---including those people who have been laid off and are struggling to meet COBRA payments with their unemployment insurance benefit check.

"The plan would help 8.5 million Americans keep health care coverage by providing workers who lose insurance tax credits to pay for Cobra programs and by expanding Medicaid coverage for low-income Americans who lack access to Cobra. The Medicaid formula would be adjusted to protect 20 million Americans whose coverage might be in jeopardy because of state budget shortfalls."

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