COBRA Subsidy Extended

The Temporary Extension Act of 2010 amended the American Recovery and Reinvestment Act of 2009 on March 2, 2010.  The Temporary Extension Act of 2010 provides for reductions in premiums for COBRA health benefits and extends the premium reductions through March 31, 2010.  In order to qualify, individuals must experience a COBRA qualifying event (involuntary termination) between September 1, 2008 and March 31, 2010. The reduction in COBRA premiums applies to periods of health coverage beginning on or after February 17, 2009 and lasts for up to 15 months.

For more information, read COBRA Continuation Based on Temporary Extension Act of 2010.

March 5, 2010 – Castronovo & McKinney – New Jersey Employment Attorneys