COBRA Subsidy Extended

Posted in Law ::: December 23, 2009 1:28 PM

This past Saturday, President Obama signed a bill that extends federal COBRA health insurance premium subsidies for the unemployed.  Buried in a military spending bill was a provision that extends the nine-month, 65% premium federal subsidy by six months.  It applies to those involuntarily terminated through February 28, 2010.  It was previously the case that employees who lose their jobs after December 31st would have been ineligible for the subsidy.  It also gives beneficiaries whose subsidy expired and who didn't pay the full premium the opportunity to receive retroactive coverage.  As more details unfold, we will get them to you.

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