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Certain Unemployed people receive grants for Health Insurance

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Certain Unemployed people receive grants for Health Insurance

Certain Unemployed people receive grants for Health Insurance

The Governor of Kentucky has authorized a new regulation for some of the unemployed people of Kentucky. With this, these people will be able to get a grant that will help in meeting the expenses of their health insurance coverage premiums. All this is done in order to assist these laid-off workers to get health care support in their current crisis. This article discusses the entire story along with the features of the new regulation.

An urgent declaration paper was signed by Governor Steve Beshear that will increase the cut-off date for some jobless residents living at Kentucky. This decree will help these people to get financial aid for meeting the expenses of their health insurance coverage through this federal regulation.

Gov. Beshear claimed that unless he wouldn't have taken this step, the jobless Kentuckians might have failed to avail the chance of getting this essential grant. The new law is intended to reduce the economic pressure on the laid-off employees by permitting them to avail health care coverage at an inexpensive price, at the same time as searching for some new work and job opportunities.

The federal regulation provides support to the laid-off workers who received coverage through health insurance policies administered by the popular federal law called COBRA (Consolidated Omnibus Budget Reconciliation Act), and the state continuation plans that fall under the state authority, which are also popularly termed as “mini-COBRA”.

A grant of 65% for meeting the cost of the premiums of state continuation plans or COBRA will be offered for a period of equal to 9 months, for employees who were sacked from companies without their will, anytime from September 1 of the past year 2008, till December 31 of this year 2009.

Selected jobless workers will have to spend 35% of the sum of premium, to continue availing coverage under their health care policies. The extra 65% will be compensated to the insurance provider, employer or the health care policy in the form of a credit, contrary to specific employment levies.

The new regulation also increases the time to select COBRA for those people who didn't opt for it at the time, when this option was offered initially. This law applies to those employees who were sacked from companies without their will, anytime from September 1 of the past year 2008, till February 17 of this year 2009.

The deadline for dispatching the announcement of time extension has been fixed to April 18, of this year 2009, within which the policy administrators have to send it. The qualified candidates selected for receiving the grant, can take the decision to maintain their healthy care coverage within 60 days of time, from the date of receiving the notification.

The state continuation policy doesn't falls under the federal regulations. It is meant mostly for the companies who have less than 20 staffs working and are under the coverage of a complete health insurance. The initiative of Governor Beshear for the unemployed people of Kentucky was required to provide the 60 days of time limit to the state employees, who may have suspended or stopped availing coverage from their insurance policies due to increased premium costs or for other causes.

The qualified candidates will be informed by their suitable health insurance providers about the time period extension and will be provided the chance to turn around their judgment, choose an insurance plan and become entitled to avail the grant.

Customers having queries on their insurance premiums and others can contact the United States Department of Labor's official helpline number at 866-444-3272.

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