Does the Government still pay for 65% of cobra insurance?
As of now, Cobra is still paying 65% of medical bills, while the unemployed pays 35% according to the Consolidated Omnibus Budget Reconciliation Act of 1985. It has been debated recently that our government may no longer be able to afford this. It has not changed yet. Thank you for using ChaCha!
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About Cobra Insurance
COBRA is the Consolidated Omnibus Budget Reconciliation Act of 1985. It requires most employers with group health plans to offer employees the opportunity to continue temporarily their group health care coverage under their employer's plan if their coverage otherwise would stop because of termination, layoff, or other change in employment status.
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