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"How dare Dems lower the relief check income threshold!"
Guess how much #COBRA normally costs laid-off employees? $7,300/yr for individuals, $21,000/yr for a family.
The prior #AmReliefPlan covered 85% of COBRA from April - Sept. This covers 100%.
kff.org/health-costs/r…
Guess how much #COBRA normally costs laid-off employees? $7,300/yr for individuals, $21,000/yr for a family.
The prior #AmReliefPlan covered 85% of COBRA from April - Sept. This covers 100%.
kff.org/health-costs/r…
15% x $7,300 x 0.5yr = $550/person in additional savings.
15% x $21,000 x 0.5yr = $1,575/family in additional savings.
I'm not saying that I support lowering the threshold, I'm just saying that you need to look at what they're doing with that money instead.
15% x $21,000 x 0.5yr = $1,575/family in additional savings.
I'm not saying that I support lowering the threshold, I'm just saying that you need to look at what they're doing with that money instead.
The $1,400 checks were originally going to phase out by $100K. Now that’s down to $80K. Let’s assume the median income impacted earns $90K, so is “losing” $700.
If they qualify for COBRA, this would cancel out $550 of that on average. Not all, but a lot of it.
If they qualify for COBRA, this would cancel out $550 of that on average. Not all, but a lot of it.
