Today, April 18, 2009, is COBRA Subsidy Notice Day -the deadline imposed by the American Recovery and Reinvestment Act to send COBRA notices to those involuntarily terminated after September 1, 2008.
Not exactly the same as Paul Revere’s ride, the event 234 years memorialized by Henry Wadsworth Longfellow’s poem and remembered in Massachusetts with Patriot’s Day. With apologies to Hank, I offer this little ditty to memorialize the event occurring this year..
Listen my public and you shall cuss
About the COBRA part of the stimulus
Twas the eighteenth of April in twenty O nine
When out was tossed a feeble life line
Those who imagine that a “government run” health care system might mean more bureaucracy should spend some time familiarizing themselves with COBRA.
Certainly since the ARRA law was signed on February 19th and the regulations and additional “guidance” were released on March 30th, there has been ample opportunity. Our office has been flooded with solicitations for seminars and webinars, and guidance form assorted professional organizations.
It is a sad reflection on the values of our society that an event as disruptive as job loss is compounded by the loss of health insurance. COBRA was designed to alleviate that somewhat by permitting people to continue on their employer’s plan as long as they paid the full cost. Very few – only those with expensive on going treatments – take advantage of it. Continue reading