COBRA Subsidy Expiration: Research Shows Similarly Priced Alternatives to ... Insurance News Net (press release)
08.06.10
MOUNTAIN VIEW, CA -- (MARKET WIRE) -- 06/08/10 --
June 1, 2010 marked the end of the federal COBRA subsidy for many who began receiving it when the subsidy was first made available in March 2009. To help recipients understand the financial considerations of transitioning off of the COBRA subsidy, today eHealth, Inc., parent company of eHealthInsurance, (NASDAQ: EHTH), provided a new comparison of national averages for family health insurance premiums and subsidized COBRA premiums. The comparison shows that families purchasing their own non-group health insurance pay an average of $388 per month(1), only one dollar more than the average subsidized COBRA premium of $387 per month(2). With the average monthly non-subsidized COBRA premium at $1,107 per month(2), Americans who qualify for individual or family health insurance may be able to save a considerable amount of money by purchasing coverage on their own after the subsidy's expiration. ----------------------------------------------------------------------------
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