Posts tagged 'COBRA subsidy'

As part of the government's effort to combat the pitfalls of the recession, Congress in March 2009 passed a 65-percent government-funded subsidy for laid-off employees who signed up for a COBRA health insurance extension. The program ran from September 2008 to May 2010, with 15 months of subsidies available for any employee who was "involuntarily terminated," a phrase that was int...

Two bills in the House of Representatives aim to extend the eligibility date for subsidies of COBRA health coverage through June 31, 2010. Currently, those involuntarily discharged from their jobs are eligible for a 65-percent subsidy of COBRA health care only if they are terminated by Dec. 31, 2009. Both HR 3930 and HR 3966 embrace the new cut-off date but approach matters a bit diff...