Suze Orman explains the COBRA changes.
PAGE 8
COBRA can be very expensive, but Suze has good news—the government is now subsidizing your premium. For nine months, you only have to pay 35 percent of the monthly premium. After the nine months, you're back to paying 100 percent.

This coverage is available to anyone who was laid off between September 1, 2008, through the end of 2009—as long as your company provides COBRA. You have 60 days to enroll, and you can get it even if you declined your employer's initial offer. Employers and employees can learn more at the Department of Labor's website

Learn more about the COBRA stimulus package coverage

Step 3 continues »
FROM: Recession Rescue with Suze Orman
Published on April 02, 2009
Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.

NEXT STORY

Comment

LONG FORM
ONE WORD