COBRA Premium Subsidy Extended
On Saturday, December 19, 2009, President Obama signed the Department of Defense Appropriations Act of 2009 (the “Act”). Attached to the Act was an expected extension of the COBRA premium subsidy for involuntary terminations. This subsidy was originally enacted on February 17, 2009 as part of the American Recovery and Reinvestment Act of 2009 (“ARRA”). There were other legislative proposals to extend the COBRA subsidy even further, so this may just be the first round of extensions.
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