Confessions of a Laid-off Lawyer

Just Your Average Joe Blogging Away His Debt—In One Year or Less

Posts Tagged ‘Aetna

COBRA Con

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Total Black: $67.13
Total Red: $230,258.15

A few days back I received a notice from my former law firm that COBRA payments for health insurance will be increasing.  Currently I pay $199.61 a month for medical and dental health insurance coverage through Aetna.  I didn’t opt in to the firm’s coverage until February 2009, once the Stimulus Package had been approved and passed, because it provided a significant subsidy for people who had been laid-off or were still unemployed.  Without that subsidy health care coverage would have been approximately $536.00 a month.  I doubted that I could afford it, especially when New York pays only $405.00 a week in unemployment benefits.  Now the subsidy has expired and I’m facing that question again.  The Stimulus Package funds only authorized nine months of subsidization.  Nine!  Congress decided to debate health care coverage and pass a health care bill, while not bothering to addressing the risk many will face by losing the coverage they have if the subsidies aren’t extended. Keep reading . . .

Written by Laid-off Lawyer

December 18, 2009 at 23:39