COBRA subsidy extended…again
Written by Tom Minnick on March 3, 2010 – 1:49 pm
On March 2nd, the U.S. Senate passed and the President immediately signed a bill, H.R. 4691, to extend the COBRA subsidy through March 31, 2010. The subsidy had expired on February 28th.
Employees involuntarily terminated through March 31, 2010 are eligible for the 65 percent premium subsidy for 15 months of their COBRA period.
Congress is also studying a bill to extend the subsidy through the end of the year. We’ll have to stay tuned for that possibility.