On April 15, 2010 Congress has extended the Defense Appropriations Act. This act extends the current ARRA subsidy as follows:
- Additional two months of eligibility - involuntary terminations through May 31, 2010
- Maximum period for receiving the subsidy remains the same at 15 months
Here are some known other facts:
- The current subsidy of 65% remains the same
- Employees must be involuntarily let go from their positions, not eligible for Medicare or any other group health insurance to be eligible.
- The subsidy is available for all group health plan coverage's (health, dental, vision).
- The new law provides retroactive eligibility for individuals who lost their jobs after the prior COBRA subsidy expired on March 31, 2010.
- The model notices have not yet been updated with the new date of May 31, 2010.
Please feel free to contact our office for any questions.
Thank you.
