House health care bill delivers on COBRA extension
Posted on 08 November 2009
Permanent URL of this article: http://retirementrevised.com/money/house-health-care-bill-delivers-on-cobra-extension
The final version of the House health care reform bill would extend the time that current COBRA health insurance beneficiaries can keep their coverage, as proposed earlier.
Section 113 of the Affordable Health Care for America Act states that people on COBRA can keep it until “the earlier of the date on which such individual becomes eligible for acceptable coverage or the date on which such individual be comes eligible for health insurance coverage through the Health Insurance Exchange (or a State-based Health Insurance Exchange operating in a State or group of States).”
This extension is not to be confused with the proposed extension of the Cobra premium subsidy; that’s separate legislation still under consideration.
Click here for a PDF of the full text of the House bill. Also see this handy round-up on the House bill by the Los Angeles Times.
Click here for other RetirementRevised COBRA coverage.
