COBRA Insurance Coverage is nothing but an extended benefits to those who lost their health coverage benefits in a layoff (or some other similar conditions). But the COBRA is very expensive. Here is the deal that now just pay 35% of insurance rates and get the coverage. This is made possible because of American Recovery and Reinvestment Act of 2009 (ARRA).
This is for those who got laid off after September 1, 2008. Your employer should re-offer the plan with 65% off.
Here are 65% off COBRA plan details :
The premium reduction applies to periods of health coverage beginning on or after February 17, 2009 and lasts for up to nine months for those eligible for COBRA during the period beginning September 1, 2008 and ending December 31, 2009 due to an involuntary termination of employment that occurred during that period.
Pass this info to your friends who were going through these tough times now by loosing jobs and not having medical coverage.