Note from the Author: Before I even begin addressing this interesting piece of news, I would like to add a disclaimer. I greatly respect that there are a variety of opinions and beliefs in this world, and I am sure that our reader base is about as diverse as diverse can get. I mean, everyone cares about health insurance right? I also respect that not everyone is going to agree with my opinion. I realize that the sensitive and largely disputed topic of same-sex marriage usually involves disturbing some sort of beehive. If you choose not to agree with what is to follow, then I encourage you to post your thoughts in the comments section.

Even if you aren’t a resident of the Golden State, you probably heard all of the controversy and buzz around California’s Prop 8 back in November of 2008. The proposition passed by voters denies the rights of same-sex couples to legally get married. For those of us who believe that marriage should be a right for all people, regardless of their sexual preference, this proposition’s passage was incredibly disappointing. Interestingly enough, however, a federal appeals court in California seems like it is trying to redeem the state’s liberal reputation.

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Editor’s Preface: The new American Recovery and Reinvestment Act (ARRA) is a revolutionary step in addressing our most vital economic challenges. A significant portion of the money doled out by the ARRA ($59 billion) will go towards immediately addressing the health crisis. This is the second part in a two-part series on subsidies for COBRA in the ARRA. We have also extensively covered this subject in “COBRA Health Coverage in a Bad Economy” and “Stimulus Package and COBRA Health Coverage.” You can find Part 1 of this series at: “COBRA Health Subsidies and the Economic Recovery Act“

COBRA Subsidies and Your Health Insurance

Knowing who is and isn’t qualified for this 65% COBRA subsidy coverage can get a little sticky. The ARRA only provides the subsidy to AEI, or “assistance eligible individuals.” Who qualifies as one of these special AEI’s? Anyone who is eligible for COBRA coverage on or before September 1, 2008 or on or after December 31, 2009. This is an interesting way of looking at things, because wouldn’t it just be simpler to say anyone on or after September 1, since December 31 falls after that date? Moving on. An AEI is also someone who chooses to use COBRA during the original COBRA period, or during a special period of coverage. Just what is a special period of coverage? This special election period begins on the date of enactment of the ARRA and ends 60 days after the person’s health plan administrator provides the required notice to the individual. You also have to be covered by COBRA via an involuntary termination (covered in my last post) by your former employer’s health insurance coverage plan.

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Where to Go From Here

It may seem like there is no aspect of our country that isn’t an utter mess right now. Big banks are being bailed out, the auto industry is flailing like a car in the river and as we see here, the health care industry is rapidly falling ill to this economic virus. Is there any hope? I feel that there is. We have a new President with new ways of thinking around how health care and insurance should be offered, and while I don’t hang my hat on things changing immensely and immediately after the old administration departs, I do think they are on course to change for the better. How much worse can it get? The road to change has to be one we travel.

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Health care providers have to have seen this coming. It’s not like we woke up one morning and saw “Hey, the country’s in a recession.” The economic downturn was gradual and glaringly obvious, and people and organizations everywhere did their best to make preparations. However, many states throughout the United States are preparing to make drastic and unprecedented cuts in health care funds, and this couldn’t be coming at a worse time for consumers. The unemployment rate in December was 7.2%, which was up from November’s 6.8%. There doesn’t seem to be a light at the end of the tunnel any time soon (you can’t help but feel bad for the complete mess that Barack Obama is inheriting) and it is important to know how these health care cuts might affect you and your family.

Health Services for Poor First to Go

Obama has been promising since the inception of his campaign that he wanted to extend health care coverage to include more affordable and widely available health insurance to those in lower income brackets. Now, before he has even been sworn in as the next President of the United States, states are already tossing programs like these out the window. Many states have been gung-ho in the fight to expand their coverage for the working poor, but with the state of the economy the way it is, these once hopeful programs are getting the boot. And the working poor are now becoming more steadily just the “poor,” as jobs continued to get slashed across industries.

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Bankruptcy is no picnic. Having to legally declare yourself officially broke in hopes of someday cleaning your slate and getting back on your feet isn’t easy for anyone, and there are always countless contributing, individual factors as to why someone finds themselves whispering “bankrupt.” For those who gamble away their savings, lose their homes and drink away the last of their pennies, they are left to lie in a bed of their own making. However, President Elect Obama is proposing a dramatic change in some legislature which would help those people and families who had to file bankruptcy because of medical bills. What does this mean for the average American and is it really as good as it seems?

A Bankruptcy Reprieve

If you were to take a peek at Obama’s economic agenda, you’d see this listed in a bullet point: “Obama and Biden will create an exemption in bankruptcy law for individuals who can prove they filed for bankruptcy because of medical expenses. This exemption will create a process that forgives the debt and lets the individuals get back on their feet.” Taken from the horse’s mouth, or as close to that as we can get before Obama takes office, this seems like a dream scenario. If you are someone who has had to give up everything to spend down to the last penny on medical expenses for your loved one (partially covered by your health insurance or not), this may seem like the savings grace you have been dreaming of. But are all people in this scenario: virtuous, thrifty spenders who have only gone into such horrendous debt due to medical bills?

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Many are calling this the most important election you have ever voted in. If you fall into an older demographic you may have taken part in some other historically significant elections, but few will argue against the fact that this is a crucial and unstable time in the United States. With health insurance being such a selling point in both Barack Obama and John McCain’s campaign, it is imperative that you understand what each candidate believes is sufficient health insurance for America’s citizens. Whether you lean to the left or to the right, knowing where your preferred candidate stands on health insurance could not be more important. Your health and well-being literally depends on it.

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