Proposal to Extend ARRA's COBRA Subsidy
For those who haven't heard, there is legislation pending that would extend ARRA's COBRA provisions. HR 3930 would:
- Permit individuals who are involuntarily terminated between April 1, 2008 and December 31, 2009 to continue group health benefits under COBRA for a period of 24 (instead of the usual 18) months. If the individual’s coverage has expired by the time the legislation is enacted, the individual would have the right to elect COBRA coverage for the additional 6 months.
- ARRA would be amended to extend the 65% subsidy until June 30, 2010, and the subsidy would end the earlier of up to 15 months or until December 31, 2010.
Follow this link to: H.R. 3930: Extended COBRA Continuation Protection Act of 2009