Home » Publications » Alerts » Congress Extends (for the Second Time) and Expands the COBRA Premium Subsi

Congress Extends (for the Second Time) and Expands the COBRA Premium Subsidy

Release Date: March 04, 2010

On March 2, 2010 Congress again extended the COBRA premium assistance law, which had expired on February 28, 2010. The 65% federal subsidy will now be available to employees involuntarily terminated on or before March 31, 2010. In addition, the new law makes the premium subsidy available to employees who first qualify for COBRA as a result of a reduction of hours and later are involuntarily terminated. Employers or plan administrators must notify these newly eligible employees within 60 days after an involuntary termination occurring on or after the date of enactment.

To read the rest of the Alert, please click here.

If you have any questions about the COBRA premium subsidy, please contact Robert W. Patterson at 716.843.3910 or rpatterson@jaeckle.com, or Michele O. Heffernan at 716.843.3850 or mheffernan@jaeckle.com.

This Jaeckle Alert, prepared by the attorneys at Jaeckle Fleischmann & Mugel, LLP, is intended for general information purposes only and should not be considered legal advice or an opinion on specific facts. For more information on these issues, contact one of the attorneys listed above or your existing Firm contact. Prior results do not guarantee a similar outcome. The invitation to contact is not a solicitation for legal work in any jurisdiction in which the contacted attorney is not admitted to practice. Any attorney/client relationship must be confirmed in writing. ã 2010. All Rights Reserved.