Average monthly COBRA enrollment rates among subsidy-eligible employees jumped 20 percentage points between March and November 2009.
According to HR consulting company Hewitt Associates, the enrollment increase highlights how important a federal subsidy benefit (enacted last March) has been for families affected by unemployment.
The consulting firm analyzed 200 large U.S. companies representing 8 million employees. COBRA enrollment rates for subsidy-eligible employees between March and November 2009 averaged 39 percent, compared to 19 percent for the period of September 2008 to February 2009--prior to when the subsidy was enacted, according to Hewitt.
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