The COBRA subsidy is like every other provision in the Porkulus bill, no one bothered to think it through and try to understand the dynamics of the provision and no one who voted on the bill took the time to read it.
Nancy was in a hurry to get the vote in before leaving for a week in Italy.
Prezbo needed to escape back to Chi-town for some photo ops with Michelle.
One of the problems with bills like this is once spending is in place it is never taken away. But to address your question . . .
The COBRA subsidy (for now at least) lasts for 9 months. Even with the subsidy, some folks don't need, or can't afford, COBRA when there is no income.
And since you can parse COBRA sometimes it is better to put the healthy folks on something like an HDHP/HSA and leave the sickies on the COBRA benefit.
Like anything else, it is a matter of educating your clients.
And what about employees of places like Circuit City, Goody's or Linen's and Things?
There is no COBRA there.
I have quite a few clients here in Atlanta that are former Coca-Cola employees. Some still work there but only as 1099 while others were simply laid off and are now doing their own thing.
And I have picked up clients who are still working but the employer has eliminated group health insurance benefits.
In some ways the recession has boosted my business. This is especially true for referrals which have pretty much sustained me for the last 3 months.
Nancy was in a hurry to get the vote in before leaving for a week in Italy.
Prezbo needed to escape back to Chi-town for some photo ops with Michelle.
One of the problems with bills like this is once spending is in place it is never taken away. But to address your question . . .
The COBRA subsidy (for now at least) lasts for 9 months. Even with the subsidy, some folks don't need, or can't afford, COBRA when there is no income.
And since you can parse COBRA sometimes it is better to put the healthy folks on something like an HDHP/HSA and leave the sickies on the COBRA benefit.
Like anything else, it is a matter of educating your clients.
And what about employees of places like Circuit City, Goody's or Linen's and Things?
There is no COBRA there.
I have quite a few clients here in Atlanta that are former Coca-Cola employees. Some still work there but only as 1099 while others were simply laid off and are now doing their own thing.
And I have picked up clients who are still working but the employer has eliminated group health insurance benefits.
In some ways the recession has boosted my business. This is especially true for referrals which have pretty much sustained me for the last 3 months.