COBRA health coverage extended for the unemployed

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UNDATED (WREX) - The Illinois Department of Insurance has announced an extension to health coverage for people laid off in Illinois.

The legislation will extend the federal subsidy that provides a 65% reduction in health insurance premiums for an additional six months. The subsidy as originally passed lasted for only 9 months.

"Although COBRA provides laid-off employees the opportunity to retain their health insurance, the premiums are often too much for a family to afford," said Michael T. McRaith, Director. "This 65% subsidy enables thousands of Illinois families to keep their health insurance instead of having to decline it in favor of other necessities."

For more information, log onto www.insurance.illinois.gov or call the Department toll-free at (866) 445-5364.

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