|As of June 1st 2010 the COBRA Subsidy has expired.
The program provided individuals who involuntarily lost their employer-sponsored health insurance benefits with a 15-month 65% subsidy of their COBRA health insurance premium.
Going forward all new COBRA Eligible people will have to pay the entire premium. All eligible individuals that are still in their 15 month period will still continue to receive the subsidy.Without the subsidy we should see a huge drop off of COBRA participants. The reason is most people will be able to go out to the individual market and pick up polices that have much lower premium. Some people will have to take the COBRA if they have major ongoing health conditions. Even with ongoing conditions there are options available.