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Reply #6: Cobra is too cost-prohibitive [View All]

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doodadem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-04-09 04:02 PM
Response to Original message
6. Cobra is too cost-prohibitive
For the unemployed, it costs an incredible amount of money to continue your insurance under Cobra. I'm self-employed, and my husband always carried our insurance under his employer. He was laid off last June, and we haven't had insurance since. Just could not afford to have those costs quadrupled, while struggling to pay the rest of our bills on less than half of his former salary.

This brings up another question: Does anyone remember hearing a few months ago, that there was legislation going forward that would drop the big penalties for having to draw out your 401K for use in extreme circumstances--such as losing your job? I haven't heard anything more about it, and that's exactly what we're faced with now. My husband didn't have all that much in his, but it's going to be a third less when they extract the penalties. We need all of it.
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  -Obama Considers Major Expansion in Jobless Aid DeepModem Mom  Jan-04-09 11:19 AM   #0 
  - I'm liking what I'm hearing as an emergency relief effort. . .  annabanana   Jan-04-09 11:32 AM   #1 
  - If they would extend Medicare  POAS   Jan-04-09 02:26 PM   #2 
  - Very good point, POAS. nt  DeepModem Mom   Jan-04-09 02:28 PM   #3 
  - To the simpletons out there who think that there's no difference between Democrats...  MilesColtrane   Jan-04-09 03:04 PM   #4 
  - They'll probably ignore it in the face of a more inflammatory, but more inconsequential story. n/t  knowledgeispwr   Jan-04-09 03:28 PM   #5 
  - Yeah, no way we'd be getting this with the McCain administration  rockymountaindem   Jan-04-09 04:06 PM   #7 
  - Cobra is too cost-prohibitive  doodadem   Jan-04-09 04:02 PM   #6 
  - You have really been caught in the middle of all of this. Thanks for posting...  DeepModem Mom   Jan-04-09 04:23 PM   #8 
  - Good, but it needs to be tied to REAL expansion of job training and public works programs  Ken Burch   Jan-04-09 04:54 PM   #9 
  - K&R nt  Wednesdays   Jan-04-09 07:34 PM   #10 
  - Cobra should be abolished entirely  Donnachaidh   Jan-04-09 09:21 PM   #11 
  - This is more like it. You get $1.64 worth of stimulus for $1.00 investment that way  eridani   Jan-05-09 06:55 AM   #12 

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