COBRA Subsidy Extended

January, 2010

On December 21, 2009, President Obama signed legislation that extends the COBRA subsidy through February 28, 2010. Other highlights of the legislation include extending the subsidy from nine to 15 months, allowing a six month extension for individuals whose nine month coverage has run out, and allowing beneficiaries whose subsidy expired and who didn’t pay the full premium the opportunity to receive retroactive coverage. Finally, there are new notice requirements for current and future beneficiaries.

For more information, please contact Cascade.


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