Client Briefing - March 2010COBRA Subsidy Extended Through March 31, 2010On March 2, 2010, Congress extended the eligibility period for the COBRA subsidy for an additional month, through March 31, 2010. The maximum time period for receiving the subsidy remains at 15 months.
As before, only employees who have been involuntarily terminated from employment will be eligible for the subsidy. In addition, as before, the subsidy is not available for qualified beneficiaries who become eligible for coverage under another "group" health plan or Medicare. For more in-depth information, visit our past newsletters on COBRA: February 2009 - New COBRA Continuation Subsidy March 2009 - Article Update - COBRA Subsidy April 2009 - IRS Issues Guidance Regarding Meaning of "Involuntary Termination" for Purposes of the COBRA Premium Reduction. December 2009 - COBRA Subsidy Extended Through February 28, 2010 January 2010 - Recent Updates on COBRA Subsidy Extensions If you have any questions or concerns about the COBRA subsidy, you should consult with an attorney who is familiar with employment law. The Labor and Employment attorneys at Walter & Haverfield will be pleased to help. |
