So, tucked inside the American Rescue Plan is this little nugget for subsidized COBRA coverage.
Normally, you have to pay the full premium if you lose your group health coverage and want to continue it under COBRA.
But now, we have a new deal! If you don't have health coverage because you can't afford it, there's now a path to get it, virtually for FREE!
Step 1: Get a job that offers group health insurance.
Step 2: Satisfy the waiting period and enroll when you're eligible to do so.
Step 3: Once your coverage is effective, get fired.
Step 4: Your former employer now has to pay 100 percent of your premiums and keep you on the group plan through September 2021.
YOU PAY NOTHING! FREE HEALTHCARE! WOOT! WOOT!
Thanks, Nancy and Joe! What could possibly go wrong?
Normally, you have to pay the full premium if you lose your group health coverage and want to continue it under COBRA.
But now, we have a new deal! If you don't have health coverage because you can't afford it, there's now a path to get it, virtually for FREE!
Step 1: Get a job that offers group health insurance.
Step 2: Satisfy the waiting period and enroll when you're eligible to do so.
Step 3: Once your coverage is effective, get fired.
Step 4: Your former employer now has to pay 100 percent of your premiums and keep you on the group plan through September 2021.
YOU PAY NOTHING! FREE HEALTHCARE! WOOT! WOOT!
Thanks, Nancy and Joe! What could possibly go wrong?
COVID-19 Stimulus Bill Includes Six Months of Free COBRA Health Coverage | JD Supra
The American Rescue Plan Act of 2021 (“ARPA”), which was just passed by Congress and will be sent to President Biden for signature, includes an...
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