Employee Benefits and Executive Compensation Alert: COBRA Subsidy Extended

Mintz - Employment Viewpoints
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On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (ARRA). ARRA makes COBRA continuation coverage more affordable and accessible to terminated workers by offering a 65% COBRA premium subsidy for up to nine months for workers involuntarily terminated between September 1, 2008, and December 31, 2009 and who elect COBRA.

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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.

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