COBRA subsidy extended again — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
On March 2, President Obama signed stopgap legislation extending eligibility under the COBRA subsidy program for an extra month. The 65% subsidy now covers qualified workers “involuntarily terminated” from their jobs through March 31, 2010. Prior to this second extension, the program was available to workers who were laid off or fired through Feb. 28, 2010.
The new measure also allows employees to benefit from the subsidy if they first lost group coverage due to a reduction in hours and then were terminated after enactment of the legislation.