Illinois Insurance News

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COBRA Subsidy Guidance, Labor Department says more coming

The Department of Labor says it is working on guidance regarding the newly created subsidy for COBRA premiums. The American Recovery and Reinvestment Act of 2009 (ARRA) provides for a 65 percent subsidy for COBRA continuation premiums for up to 9 months for workers...

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What the COBRA Subsidy Means for Employers

The American Recovery and Reinvestment Act of 2009 signed into law February 17 expands COBRA in ways that will certainly impact employers. Most significantly, the act offers assistance-eligible individuals a 65 percent subsidy of their required COBRA premiums and an...

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Consumer Driven Health Plans gaining wide appeal

Health care consumerism continues to grow through both consumer-directed health plans and tools that provide all health care consumers with more information about their health care choices and costs. Here are some examples of their growth: The number of employers with...

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Employers prepare for surge in COBRA enrollees

Employers will have to scramble to comply with federal legislation providing a federal subsidy of COBRA health insurance premiums to laid-off employees. Employees who were laid off from Sept. 1, 2008, through Dec. 31, 2009, will be eligible for a 65% federal subsidy...

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Study: 14,000 Losing Health Insurance a Day

According to a report released today by the liberal Center for American Progress and also the group Health Care for America Now, 14,000 Americans are losing health-care insurance every day during this economic crisis. Since the recession began, the report says, an...

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