The American Recovery & Reinvestment Act helps unemployed people with their COBRA payments in two ways: it subsidizes 65% of their payments, and because this lower price makes it affordable for many who couldn't before, it allows people who didn't elect for COBRA the first time a second chance to elect for coverage. I was laid off on October 24, and I
did elect for coverage on January 28. But I haven't paid yet. The grace period for payment ends in a few days, on Saturday — it has to either be paid online or postmarked by then. If I were to
not pay, would I be given the same second chance as those who didn't elect the first time around — the difference being that I would have elected, but not paid? It's a substantial financial difference for me. A little bit more inside.
[more inside]
posted by WCityMike
on Mar 11, 2009 -
3 answers
In Illinois, or nationwide, is there a policy or law that says that if you become uninsured, but resume health coverage within X number of days, you do not need to worry about pre-existing conditions?
[more inside]
posted by WCityMike
on Oct 20, 2005 -
8 answers
