COBRA – Another Extension
On April 15, 2010, the Continuing Extension Act of 2010 was signed into law. By passing this law, the federal government has – again – extended the COBRA subsidy by lengthening:
1) The period during which the involuntary termination occurred. The employees’ termination date has been extended to those individuals involuntarily terminated from employment through May 31, 2010. All employees that qualify for COBRA are entitled to a 15 month, 65% COBRA subsidy.
2) The law also provides retroactive eligibility for individuals who were involuntarily terminated after the prior COBRA subsidy expired on March 31, 2010. Individuals involuntarily terminated after March 31, 2010 but before April 15, 2010, are now eligible to receive the subsidy.