In a new Barack Obama administration you helped to place into office just before you were pinkslipped in December, you are finally starting to see results. You are scrambling  like mad, trying to cobble together financial documents so that you not only can refinance your lower valued home under new Fannie/Freddie rules, but now you just found out that you qualify for the promised government subsidy for COBRA coverage under Obama’s healthcare stimulus package!

Employers have 60 days from date of enactment (that is, by April 17) to send notices to assistance-eligible individuals who lost coverage between Sept. 1, 2008, and Feb. 16, 2009. For those eligible for the assistance who lost employment-based health insurance on or after Feb. 17 of this year, the employer generally has 44 days from the date the employee lost coverage to provide a COBRA notice that includes an explanation of the subsidy. Being laid off never felt so good. | LINK

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