COBRA Subsidy Eligibility Extended Again
Here we go again. The 65% government subsidy provided to individuals who lost their jobs between September 1, 2008 and February 28, 2010 has again been extended to March 31, 2010. Under the Temporary Extension Act of 2010 employees who lose their jobs through March 31, 2010 may be eligible for the COBRA subsidy. The Act further provides that persons who experience a reduction in hours during the period from September 1, 2008 through March 31, 2010 may qualify for the subsidy. This change will require a new notice to those experiencing a reduction of hours. Stay tuned for safe harbor notices. Guidance is not yet out.
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