New jobs bill adds COBRA subsidy extension, expansion

COBRA health insurance premium subsidies would be extended and expanded under a new jobs bill being put together by Senate Majority Leader Harry Reid, D-Nev. In its current version, the draft bill would extend the COBRA premium subsidy to involuntarily terminated employees another 10 months, so employees laid off through year-end would be eligible for […]

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December 28, 2009
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COBRA subsidy program extended

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 […]