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Q:  I am past the 60 days I had to pick up Cobra. I was let go of my job after 11years.I picked up my wife's insurance. Can I go to Cobra on my former employee's insurance, and drop her insurance. Is this possible with the new stimulus package? We would like to know.

A:  You wouldn’t be eligible for the stimulus package due to the fact that you have the option to go on your spouse’s insurance coverage.  The premium reduction for COBRA continuation coverage is available to "assistance eligible individuals".

An "assistance eligible individual" is the employee or a member of his/her family who:

·         is eligible for COBRA continuation coverage at any time between September 1, 2008 and December 31, 2009;

·         elects COBRA coverage; and

·         is eligible for COBRA as a result of the employee's involuntary termination between September 1, 2008 and December 31, 2009.

Those who are eligible for other group health coverage (such as a spouse's plan) or Medicare are not eligible for the premium reduction. There is no premium reduction for premiums paid for periods of coverage prior to February 17, 2009.