The Obama subsidy for those on COBRA (EBSA) is unfair and confusing. It stipulates that 3 things must be true. There are variations but these are mandates. 1. Must be eligible for COBRA from September 1 to 12/31/09. 2) must have elected COBRA and 3. Must relate to an involuntary termination taking place during the above period.
I happen to have been terminated on August 31. However, under the rules, I am eligible for COBRA on September 1st. However, as the termination did not take place on September 1st or laater, I am not allowed the benefit. ok, if you fit the no.3 rule, there can never be anyone who is eligible on September 1st for COBRA as that would mean they were terminated on August 31. We could go around and around and around but in the end, Obama did not read the exact words so I suggest the following:
The actual date of termination should have nothing to do with be eligible for EBSA. If you find yourself unemployed, from no action of your own, during the period starting September 1, 2009, you should be allowed to apply for the COBRA subsidies.
There is no difference from me being terminated on Sug 31 and someone else on September 1. We both are unemployed and continue to be so. Why should I be deprived the benefit simply because of the termination date. I have a family of 5 and the cost of COBRA takes a large portion of my monthly income.
Come on Obama, if you do not place such date restrictions on BofA or others in order to get my tax dollars, why can't you help out all of the unemployed in some fashion. shame on you.
