President Obama has signed a bill that extends federal COBRA health insurance premium subsidies for the unemployed. The Senate, in a rare Saturday session, passed H.R. 3326 on an 88-10 vote. The measure—a military spending bill that the House passed earlier last week—includes a provision that extends the nine-month, 65% premium federal subsidy by six […]
On March 9th, the Illinois Division of Insurance published revised information regarding the American Recovery and Reinvestment Act (ARRA) and how it affects groups that are subject to Illinois state continuation, but not subject to federal COBRA continuation. Specifically, Congress revised ARRA and gave states the opportunity to allow for the special extended election period, […]
Congress has passed the American Recovery and Reinvestment Act (“the Act”), and the Act has been signed by President Obama. This communication describes the provisions in the Act that affect COBRA continuation coverage and similar state continuation coverage. Applicability and Effective Date The COBRA changes affect both the federal COBRA provisions and the Public Health […]
The U.S. House and Senate will vote on a compromise $790 billion stimulus package that includes subsidies for 65% of the COBRA health insurance premiums paid by laid-off workers, under a hard-fought conference report unveiled late Feb. 12. The final version of the American Recovery and Reinvestment Act, which followed intense negotiations between leaders of […]
