COBRA Subsidy Extension Proposed
The Obama administration has proposed an extension to the COBRA premium subsidy in its fiscal year 2011 budget. If adopoted into law, the subsidy would be availale to employees laid off from March 1, 2010 and December 31, 2010. The subsidy would be provided for 12 months.
This would be the third extension of the COBRA subsidy plan. In February of 2009 the subsidy was for 9 months, In December of 2009 the subsidy was extended to 15 months.
For more information on this topic, see Stephen Miller’s aricle on the Society for Human Resource Managment (SHRM) web site here.