The Department of Labor has posted an updated COBRA Premium Reduction fact sheet to include the Temporary Extension Act of 2010. The TEA extended the COBRA premium reduction eligibility period for one month until March 31, 2010, and expanded eligibility to individuals who experience a qualifying event that is a reduction of hours occurring at any time from Sept. 1, 2008 through March 31, 2010 which is followed by an involuntary termination of employment on or after March 2, 2010 through March 31, 2010. This expansion also includes a second election opportunity for these individuals who had a reduction of hours qualifying event followed by an involuntary termination, if they did not elect COBRA continuation coverage when it was first offered OR elected but subsequently discontinued COBRA.
Click here to view the fact sheet.