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There are some snags in free COBRA health insurance for unemployed. Here's what you need to know


There are some snags in free COBRA health insurance for unemployed. Here s what you need to know
CNBC
5 hrs ago
Annie Nova
A provision in the latest Covid stimulus package nixes people s monthly COBRA premiums for six months.
Health-care advocates worry people will miss out on the relief though because they don t know about it or experience trouble accessing it.
© Provided by CNBC
But she discovered that the government would fully subsidize her COBRA health insurance premiums from April until September, thanks to a provision in the latest stimulus package. She immediately contacted her insurer to sign up. Linda (she asked not to use her full name) was eager to go to the doctor after contracting a painful urinary tract infection this month, which she feared could spread to her kidneys. ....

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Government Will Fully Cover Laid-Off Workers' COBRA Premiums Through September


How many Americans will benefit remains unclear.
That s because, to stay on their workplace plan, a laid-off worker typically must continue to pay their monthly premiums, as well as their employer s usual contribution and then another 2% administrative fee on top of that.
The typical annual premium for job-based coverage in 2020 was $7,470 for individuals and $21,342 for family coverage, according to the Kaiser Family Foundation.
Now, the government will fully cover these pricey premiums for the next seven months. COBRA subsidies have occurred before, including during the Great Recession and in 2002 for people who lost their jobs to international trade conflict.
By one count, around 130,000 unemployed working-age adults had health insurance coverage through COBRA in 2017. But that was, of course, before the pandemic caused unemployment to soar. And again, many people don t opt for the coverage because of its cost. ....

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Julia Buschmann | Commonwealth Fund


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Julia Buschmann
Research Assistant, McCourt School of Public Policy, Georgetown University
Julia Buschmann is a research assistant in the Center on Health Insurance Reforms at the Georgetown University Health Policy Institute. Before joining the institute, she was a legislative aide for the Alaska state legislature, and prior to that she was a health policy intern at the Center on Budget and Policy Priorities. Ms. Buschmann is currently an M.P.P candidate at Georgetown University. ....

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