Do Unemployment Benefits Cover COBRA Health Insurance??? (receive, apply, payment)
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A friend of mine is going to apply for unemployment and she was wondering if it covers the cost of Cobra.
The little bit of info I got was from 2008.
Does anybody know?
Thanks
Yup. Govt. had covered 65% of the premium for 18 months for anyone unemployed on or before May 31, 2010.
Your friend can also expect to receive only 26 weeks' state benefits, but no EUC tiers because eligibility for that expires on December 24, 2011 for Tier 1. Unless she is in NJ, or Alaska, Connecticut, Kansas, Minnesota, New Mexico, North Carolina, Oregon, Rhode Island, Washington all of which mandate EB provided unemployment rate triggers are met, her benefits end with the up to 26 weeks she is eligible for now. If Congress extends the legislation at the end of this year - a big IF - then the tiers and EB might be available - no guess as to for how long.
Unemployment does not pay enough in any state to cover COBRA payments.
If you have dependents, some states pay as much as $1,000/wk. HI premiums for a family can be $1,200/mo. or more. It is doable if you were a high income individual in a state with generous benefits - assuming you can live on what's left.
MA pays over 1K/wk, NJ can pay up to $600/wk., Rhode Island over $650/wk, Connecticut $600/wk. In MA, RI and CT, that includes a dependent benefit.
MA pays over 1K/wk, NJ can pay up to $600/wk., Rhode Island over $650/wk, Connecticut $600/wk. In MA, RI and CT, that includes a dependent benefit.
In many states it is hard to live on what is left; if anything is left would apply to my state, South Carolina. Weekly benefit of $225 is not gonna cover it.
I was laid off before the COBRA discount and it would have taken all but about $20. to cover the COBRA so I've been without health insurance for over 3 years now.
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