09-29-2010, 06:24 PM
Ah, here it is:
They don't get $12,000 a year. They are saying that the full cost of COBRA payments could be more than $12,000 a year.
What they get is a reimbursement of 65% of their COBRA payments (which they have already made).
Jeebus, I should have known better than to think you read/quoted anything correctly.
That law also reimburses 65% of the cost of COBRA health insurance payments for the first nine months of unemployment. That's a huge benefit for those with children because the full cost of a family-of-four policy can be more than $12,000 a year.
They don't get $12,000 a year. They are saying that the full cost of COBRA payments could be more than $12,000 a year.
What they get is a reimbursement of 65% of their COBRA payments (which they have already made).
Jeebus, I should have known better than to think you read/quoted anything correctly.