Congress approves legislation earlier that restores unemployment benefits to people who have been out of work for six months or more, after a seven-week interruption that caused 2.5 million people to lose unemployment benefits. There was, however, no measure to extend the subsidy for COBRA benefits. The final day that an employee can qualify for subsidy eligibility remains 5/31/10.
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Blog entries categorized under Cobra Solutions
Cobra Solutions
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Unemployment Benefits
by Jeffrey Bach
Thursday, 22 July 2010
Category Cobra Solutions
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COBRA Subsidy Period Extended
by Jeffrey Bach
Thursday, 15 April 2010
Category Cobra Solutions
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Lawmakers extend COBRA subsidy period to May 31st, 2010. Maximum period of total eligibility remains 15 months.
Tags: Untagged Read MoreAmerican Recovery and Reinvestment Act of 2009 Amended
by Jeffrey Bach
Tuesday, 02 March 2010
Category Cobra Solutions
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(amended, see above) The American Recovery and Reinvestment Act of 2009 (ARRA) is amended to include an additional month of COBRA subsidy eligibility for Assistance Eligible Individuals. Anyone involuntarily terminated after 3/31/10 is not eligible for subsidy benefits provided by the ARRA. More information on this can be found here
Tags: Untagged Read MoreLast day of potential subsidy eligibility for Assistance Eligible Individuals
by Jeffrey Bach
Sunday, 28 February 2010
Category Cobra Solutions
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Last day (amended, see above) of potential subsidy eligibility for "Assistance Eligible Individuals."
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by Jeffrey Bach
Saturday, 19 December 2009
Category Cobra Solutions
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Senate passes Department of the Defenses Appropriations Act, extending the COBRA subsidy first enacted by the American Recovery and Reinvestment act. This extends the subsidy qualification period an additional two months, to February 28, 2010. The ARRA previously provided subsidy benefits for those terminated prior to December 31, 2009.
This act also extends the maximum subsidy eligibility period from 9 months to 15 months.
Tags: Untagged Read MoreCOBRA eligibility period extended from a maximum of 18 months to 36 months
by Jeffrey Bach
Thursday, 19 November 2009
Category Cobra Solutions
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Total COBRA eligibility period extended from a maximum of 18 months to 36 months. More on this can be found on the NY State website.
Tags: Untagged Read MoreARRA Enacted by the United States Congress
by Jeffrey Bach
Tuesday, 17 February 2009
Category Cobra Solutions
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American Recovery and Reinvestment Act (ARRA) was enacted by the United States Congress. This law drastically changed COBRA benefits for employees who were involuntarily terminated. Those who are considered as “Assistance Eligible Individuals” will be eligible for a 65% government subsidy, or discount, off their COBRA monthly premium. The COBRA participant will be responsible for paying the remaining 35% of their premium.
Contact Bene-Care for more about the qualifications for “Assistance Eligible Individuals”
Click Here for a COBRA Subsidy Fact Sheet (provided by the US Department of Labor)
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