Illinois Health Agents
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 […]
Q1: What is the new COBRA subsidy provision contained in the stimulus package signed by the President? The stimulus package, which was enacted as the American Recovery and Reinvestment Act of 2009 (ARRA) temporarily reduces the premium for COBRA coverage for eligible individuals. COBRA (the Consolidated Omnibus Budget Reconciliation Act of 1985) allows certain people […]
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 […]
