April 18, 2010 New Law Extends COBRA Subsidy Yet Again
Late last week, President Obama signed legislation that extends the eligibility period for the federal COBRA premium subsidy for an additional two months, through May 31, 2010. Without this extension, employees involuntarily terminated after March 31, 2010 would not have been eligible for the subsidy. Follow links to see HR 4851 and relevant portions of Senate Amendment 3721.
Future extensions of the premium subsidy remain likely. Indeed, Congress continues to consider legislation that will extend the eligibility period through the end of 2010.