30. August 2010 16:20
The DOL Employee Benefits Security Administration has updated its COBRA web page with a fact sheet and FAQs on maintaining health coverage after the COBRA premium reduction ends.
Click here to view the fact sheet.
Click here to view the FAQs.
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COBRA
30. August 2010 16:09
As you know, the COBRA premium subsidy ended May 31, leaving those who were laid off after June 1 scrambling to find affordable health insurance. Laid-off workers who started on COBRA before May 31 can still receive the aid, but those who have exhausted the 15-month subsidy and those who are newly unemployed are not eligible.
The outlook for another subsidy renewal is up in the air. The Unemployment Compensation Extension Act of 2010 signed by President Obama on July 22, 2010, did not extend the COBRA premium reduction and support is lacking in Congress because of the cost to fund the premium assistance. Sen. Sherrod Brown (D-Ohio) and Sen. Robert Casey (D-Pa.) introduced a bill to reinstate the subsidy and pay for it by eliminating a tax break on annuity trusts. The proposal would again be retroactive for those who lost their jobs since June 1 and would extend the subsidy for six months instead of the 15 months.
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COBRA
22. July 2010 14:24
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1. June 2010 10:52
The Senate adjourned for Memorial Day recess without passing an extension of the COBRA premium subsidies. With the lapse of extension, employees who are laid off after May 31 will not be eligible for the subsidy. The House and Senate will return next week and take up the measure, possibly extending the subsidies retroactively.
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COBRA
29. April 2010 09:27
The Department of Labor has updated the model notices to help plans and employers comply with the new requirements for the Continuing Extension Act of 2010. The CEA mandates that plans notify certain current and former participants and beneficiaries about the COBRA premium reduction.
The following are available:
- Model Updated General Notice
- Model Notice of New Election Period
- Model Supplemental Information Notice
- Model Notice of Extended Election Period
- Model Updated Alternative Notice
Click here to view the notices.
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COBRA
19. April 2010 09:45
The Department of Labor has updated the COBRA Web site to reflect the Continuing Extension Act of 2010 and the Patient Protection and Affordable Care Act of 2010.
Click here to view the news statement.
Click here to view the fact sheet.
Click here to view the FAQs.
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COBRA
16. April 2010 14:38
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13. April 2010 14:21
Yesterday, the Senate voted to begin debate to extend jobless benefits for another month. The measure would extend unemployment insurance and subsidies for COBRA health insurance, as well as short-term extensions of several other lapsed programs.
The Senate returned April 12 after a two-week recess, and during the time when more than 200,000 Americans lost their unemployment benefits and left them wondering what will become of their health coverage under COBRA.
The 60-34 vote Monday killed a GOP filibuster against debating the measure, which would extend benefits through May 5.
A final vote on the legislation is expected this week.
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COBRA
23. March 2010 11:33
The Department of Labor has posted the Application for Expedited Review of Denial of COBRA Premium Reduction to reflect the Temporary Extension Act of 2010. The COBRA Premium Reduction FAQs were also updated on the Web site.
Click here to view the application.
Click here to view the FAQs.
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COBRA
17. March 2010 13:34
The Department of Labor has released model notices that have been updated for the Temporary Extension Act of 2010. These notices comply with the requirements that certain current and former participants and beneficiaries should be notified about the COBRA premium reduction.
The model notices available on the Web site include:
- Model Updated General Notice
- Model Notice of New Election Period
- Model Supplemental Information Notice
- Model Notice of Extended Election Period
- Model Updated Alternative Notice
Click here to view the model notices.
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COBRA
Disclaimer: The views and opinions on this blog are those of the author. Nothing contained in this weblog is intended as legal advice. This weblog was created to provide general information, opinions of the author and general musings. Accessing this website is not a consultation for legal advice or services and this weblog does not create an attorney-client relationship.
