COBRA Enrollment Strong Despite Subsidy Expiration
Laid off workers are continuing to opt for health care coverage under the auspices of the Consolidated Omnibus Budget Reconciliation Act (COBRA), new analysis by Lincolnshire, Ill.-based Hewitt Associates finds.Hewitt analyzed COBRA enrollment rates for workers who were voluntarily or involuntarily terminated from their jobs since 2004. For June 2010, the first month after the 65% premium subsidy created by the American Recovery and Reinvestment Act expired, the average COBRA enrollment rate for these employees and their dependents was 21 %. This is only slightly lower than the 25 % enrollment recorded on average when the subsidy was in place.
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