We haven't written about the COBRA/ARRA subsidies in a while, but there's good news for folks who've recently been involuntarily terminated:
"The Continuing Extension Act of 2010 was passed by both the U.S. Senate and the U.S. House on April 15" (how ironic!); the president signed it into law later that day.
The previous extension had run its course as of March 31st; this legislation breathes new life into the program by extending the subsidy for another couple of months (through May 31st). Regardless, the total length of time one may be eligible for the premium assist is 15 months. So folks currently "running out the clock" won't see any relief by way of this extension.
As always, we would urge those readers with more specific concerns to contact their (former) employers' HR folks for detailed, personalized answers. The Department of Labor also has a helpful website.
[Hat Tip: Beth D]
"The Continuing Extension Act of 2010 was passed by both the U.S. Senate and the U.S. House on April 15" (how ironic!); the president signed it into law later that day.
The previous extension had run its course as of March 31st; this legislation breathes new life into the program by extending the subsidy for another couple of months (through May 31st). Regardless, the total length of time one may be eligible for the premium assist is 15 months. So folks currently "running out the clock" won't see any relief by way of this extension.
As always, we would urge those readers with more specific concerns to contact their (former) employers' HR folks for detailed, personalized answers. The Department of Labor also has a helpful website.
[Hat Tip: Beth D]
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