26. February 2010 11:16
Top Democrats are expected to introduce a bill this week which would provide a temporary, stopgap extension of the COBRA premium subsidy. Senate Majority leader Harry Reid, D-Nev., is expected to introduce the bill which would extend the federal premium subsidy to employees involuntarily terminated from March 1st through either March 15th or March 30th. The subsidy would continue to pay 65% of an individual's COBRA premiums for up to 15 months. Without the extension, employees laid off after February 28th would not be eligible.
To read more about the possible subsidy extension, click here.
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COBRA
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