Thursday, February 25
New Jobs Bill: Addressing COBRA subsidy
Day by day the deadline approaches to when the COBRA premium subsidy is set to expire (February 28th, 2010). After being striped from a planned legislation proposal as part of the Patriot Act extension, a new jobs bill has been drafted. The bill would extend COBRA premium subsidies for another 10 months for those who were involuntarily terminated from their employer. Failure to extend the deadline, would mean that those laid off after March 1st would not be eligible for COBRA subsidy entitlements.
The new jobs bill will also allot more time to business owners to fulfill pension plan obligations.
Labels: COBRA, cobra subsidy, Insurance, unemployed, unemployment
¶ 12:53 PM
