COBRA Subsidy Extension

more+
less-

On December 21, 2009, President Barack Obama signed the Department of Defense Appropriations Act for Fiscal Year 2010 (“DOD Act”). The new legislation includes an expansion of the federal COBRA subsidy which was established by the American Recovery and Reinvestment Act of 2009 (“ARRA”). ARRA provided a federal COBRA subsidy equal to 65% of the premium costs of COBRA for individuals involuntarily terminated on or before December 31, 2009 for a period of nine months. The new DOD Act expands the group of individuals eligible for the COBRA subsidy and the length of the subsidy has been extended. In addition, certain individuals are allowed a retroactive application of the subsidy extension and employers are subject to new notice requirements to explain the extension and expansion of the program. Further details of the changes are outlined below.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Green & Seifter, Attorneys, PLLC | Attorney Advertising

Written by:

more+
less-

Green & Seifter, Attorneys, PLLC on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×