This summer, 38% of terminated employees bought into their former organization’s COBRA health insurance coverage plan. That’s double the 19% enrollment rate recorded during the end of 2008, according to a new Hewitt Associates report.
Reason for the jump: The economic stimulus law created a COBRA subsidy under which eligible terminated employees pay only 35% of their COBRA premium. The remaining 65% is paid by the employer, which the federal government reimburses through tax credits. The subsidy ends Dec. 31, 2009.
- Complaining about working conditions—And public policy violations—Also protected
- Firing OK for breaking no-dating policy?
- Employee has complained about discrimination? He still has to follow all legitimate rules
- Can we fire an employee for refusing to take a lie detector test?
- Don't panic when former employee files massive lawsuit—most claims go away