Two Democratic senators, along with nonprofit Families USA and other organizations are urging Senate Majority Leader Harry Reid to pass legislation, extending unemployment benefits and a federal COBRA subsidy program set to expire on Feb. 28.
A week ago, Reid stripped down a jobs bill, removing an extension for the subsidy and federal jobless benefits.
Last December, President Obama signed a measure that extended a provision included in the American Recovery and Reinvestment Act. The provision allowed eligible laid-off workers to receive a federal subsidy that covers 65 percent of the cost of their COBRA premium through a tax credit to the coverage provider.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
