Federal Unemployment Benefits, COBRA Subsidy Extended One Month

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On March 2, 2010, President Obama signed the Temporary Extension Act of 2010 (HR 4691) (the “Extension Act”) into law. Not only does the Extension Act extend unemployment benefits, it also extends and makes other changes to the COBRA Premium Subsidy Program (the federal tax credit that allows the government to subsidize 65% of the cost of COBRA premiums).

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