COBRA Subsidy Extended Through May 31, 2010
In an earlier article posted on this blog, we reported that the COBRA subsidy benefit under the American Recovery and Reinvestment Act of 2009 (“ARRA”) (which provides a 65% subsidy for COBRA premiums) expired on March 31, 2010.
On April 15, 2010, President Obama signed H.R. 4851 into law extending the subsidy through May 31, 2010. Congress has now extended the subsidy eligibility period a number of times, and the most recent extension may not be the last. By virtue of the latest extension, employees who are involuntarily terminated on or before May 31, 2010 may be eligible for the subsidy