Stimulus package and COBRA for dummies
February 18, 2009 10:11 AM Subscribe
How will the COBRA subsidy in the stimulus package work?
posted by lunasol to Work & Money (5 answers total) 4 users marked this as a favorite
I just signed up for COBRA. Good timing, too, since the stimulus package includes a 60% subsidy for people like me who were laid off.
Does anyone know how this will work? I've found a lot of information online about the provision, but nothing about implementation. How long will it take? A month? Six months? Will I have to apply to a government agency or will it go through my COBRA provider or my former employer? How will payment work?
seem to think employers will pay and then deduct it from their payroll taxes, but they weren't sure.
FWIW, I haven't made any payments yet, and don't have to pay till the end of March.