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The stimulus package temporarily reduces the premium you pay in accordance with Consolidated Omnibus Budget Reconciliation Act (COBRA). If you become eligible for COBRA because of your or a family member's involuntary employment termination between September 1, 2008, and February 28, 2010, you only pay 35 percent of the premium for up to 15 months. This includes all items on COBRA, including inpatient and outpatient hospital care, physician care, surgery, prescription drugs and other medical benefits. United States Department of Labor: FAQs On The COBRA Premium Reduction Extension ProvisionsSource:
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