COBRA Subsidy Extended Until May 31, 2010

By Thomas McKinney

The Continuing Extension Act of 2010 reinstated the COBRA subsidy, which had expired on March 31. Accordingly, individuals who are involuntarily terminated from employment between Sept. 1, 2008, and May 31, 2010, may be eligible for a 65 percent subsidy of their COBRA premiums for a period of up to 15 months. In some cases, workers who had their hours reduced and later lost their jobs may also be eligible for the subsidy.

Individuals who lose their jobs during the months of April and May may qualify for a 65% subsidy on their COBRA health insurance premiums. The American Recovery and Reinvestment Act, established the subsidy to help individuals maintain their employer sponsored health insurance after they have lost their jobs as a result of the recession and employer reductions.

Dated: April 26, 2010 – Castronovo & McKinney

About the Author
Tom McKinney is an experienced NJ Employment Lawyer in all major areas of labor and employment law, including discrimination, harassment, overtime violations, wage and hour claims, sexual harassment, wrongful discharge, Title VII, ADA, ADEA, FMLA, LAD, FLSA, and all other employment law claims. Tom is admitted to practice in the States of New Jersey and New York, United States District Court for the Eastern District of New York, Southern District of New York, District of New Jersey, and United States Court of Appeals for the Third Circuit. Prior to forming the firm, Tom practiced at Gibbons P.C. in Newark, NJ. If you have any questions regarding this article, contact Tom here today.