Health Insurance Blog

For many American families, COBRA coverage is still too expensive even with the current COBRA subsidy which is temporarily in place.  The COBRA subsidy program pays 65% of the monthly premiums for up to 15 months, but still can require a substantial monthly expense, as the average family of four still pays on average $389 per month even with the subsidy.

A recent report by eHealthinsurance.com found that in twenty states, families could save $600 per year ($50/mo) by purchasing a family health insurance plan as oppose to opting for the COBRA coverage.  Even with the subsidy!

The twenty states that were found to offer the affordable health insurance identified in the report include:  Alabama, Arizona, Arkansas, Florida, Idaho, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Mississippi, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, South Dakota, Utah, Wisconsin, and Wyoming.

Humana Inc, a leader in finding health insurance for consumers, will be presenting the 20th annual UBS Global Healthcare Services Conference according to their website.  Chief financial officer and treasurer will be making the presentation to investors at the conference on Monday, February 8th.

There will be a live audio Web cast of the presentation available on Humana’s website.  They recommend logging in abou 15 minutes early to allow time to run systems and download any necessary software which is free.

Humana Health Insurance is headquartered in Louisville, Kentucky and is one of the country’s largest publicly traded health and supplemental benefits companies.  They have about 10.3 million medical members and about 7.2 million specialty-benefit members.  They offer a wide variety of health solutions for individuals, employer groups and government programs.

The deadline for unemployed Kentucky residents to apply for health insurance assistance has been extended.  Under the plan, the state will provide 65% premium subsidization to those who have been involuntarily terminated between 9/1/2008 and 12/31/2009, for up to 9 months.

Those individuals who are eligible for subsidized Kentucky health insurance premiums will be notified by the health insurance companies which provided coverage while they were employed.

The plan will be funded by the American Recovery and Investment Act.

Kentucky residents who previously declined coverage via COBRA or state continuation plan, will be given the opportunity to receive health insurance coverage through this plan.