COBRA, the ultimate snake bite

Consolidates Omnibus Budget Reconciliation Act. The COBRA is legislation requiring a company to continue to provide medical coverage to terminated employees. It is a good idea, except for the associated cost. Most employers subsidize the cost of medical coverage as a part of an employee's benefits, thereby reducing the out of pocket cost. With terminated employees, this subsidy ends, and the cost of coverage becomes prohibitive for many of the unemployed.
With the new economic stimulus bill recently signed by President Obama, relief is in sight. One of the provisions of the bill is the subsidy of COBRA payments by the government. Terminated employees that decided for the COBRA coverage pay only 35% of the cost, the former employer will pay the rest. The employer will recoup the additional expense through a credit on payroll taxes or a direct payment from the government. By lowering the cost of the COBRA coverage, more people will be able to afford medical coverage while unemployed, a great benefit for anyone with ongoing health concerns.
The subsidy is retro-active to people involuntarily terminated after September 1, 2008. Employees terminated for gross misconduct are not eligible for the program. The provision does not extend the time a participant is eligible for COBRA, and will cease when coverage from a new source is obtained.
So with one worry taken care of, the job search can continue. So sign onto job.travel and see what new avenues are available. Jobs in travel and hospitality offer many different occupations and are countrywide. With many companies allowing people to work from home after training, it expands the options. There are many people that have an office hundreds of miles from the main building.