Published May 2010
Congress recently passed the Continuing Extension Act of 2010 which approved an extension for the COBRA Subsidy for the third time. Individuals who are involuntarily terminated on or before May 31, 2010 are now eligible for the subsidy which covers 65% of the cost of COBRA coverage.
Without the extension, employees who are involuntarily terminated after March 31 would have been ineligible for the subsidy.
It is also worth noting that this may not be the last extension in 2010; lawmakers are still considering a longer term extension for the COBRA subsidy.
If you are a BASIC COBRA client and have questions about yourCOBRA administration, please contact us by calling (877) 262-7202.