Federal subsidies covering 65 percent of the cost of COBRA premiums will expire after Wednesday.
The subsidies, enacted under the American Recovery and Reinvestment Act (ARRA), were given to eligible unemployed workers laid off between September 2008 and May 2010. [DOL has offered a full fact sheet on the COBRA Premium Reduction]
Though Congress had passed several extensions for the premium assistance program, legislation to extend eligibility to workers laid off beyond May 31, 2010 was proposed, but never passed.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
