It’s possible that future iterations of the CARES Act could result in a generous COBRA subsidy.
By Mark Waterstraat|May 18, 2020 at 10:08 AM
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Eligible workers who lost their jobs during the Great Recession received a government subsidy for COBRA continuation premiums through the American Recovery and Reinvestment Act (ARRA) of 2009. As we enter another economic downturn, it’s possible that future iterations of the Coronavirus Aid, Relief and Economic Security (CARES) Act could result in a similar – or perhaps even more generous – COBRA subsidy. COBRA administrators can take several steps to prepare their operations and clients for this possibility.
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