The COBRA Health Subsidy Begins to Expire

The COBRA Health Subsidy Begins to Expire Beginning today, many Americans will start paying a lot more for health insurance once their 15th month Federal Cobra Premium Subsidy runs out. These are the people who started receiving the premium in March of last year when it first became available to laid- off workers looking to stay on their former employer’s plan. Well those receiving the subsidy generally pay about one-third of the premium, while the government picked up two-thirds. The government is about to make sure you get more money if you’re bumped off a flight. An announcement is expected this week that would raise the maximum amount carriers must pay bumped passengers. They now pay $400 or $800 depending on how long a trip is delayed. Passenger rights groups want that raise to $800 and $1200. Apple has sold 2 million iPads in less than 60 days. The company said Monday at struggling that keep with demand both here and overseas. It was introduced this weekend in nine more countries. And the Queen of England wants a pay raise. British tax payers gave the Crown the equivalent of $11.5 million a year to run the palace but apparently, that’s not enough. Right now, the palace is $9 million over budget. And that’s your money watch. For more, stay with cbsmoneywatch.com. In New York, I’m Emily Smith.