Congress Enacts Legislation Extending COBRA Subsidies and Eligibility Period
President Obama recently signed legislation enacted by Congress to extend the eligibility period for the COBRA subsidy by two months, to February 28, 2010. The legislation also extends the maximum period for receiving the subsidy to 15 months (the maximum was previously 9 months). The Department of Labor has issued a new fact sheet regarding COBRA subsidies, which is available here. Additional reference material is available on the Department of Labor website at www.dol.gov/cobra. Employers should review their employee notices and practices for compliance with the new legislation and extended eligibility and coverage periods.
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