Archive

Archive for March, 2009

Stimulus Package–Cobra Impacts

March 31st, 2009

Congress has pass the American Recovery and Investment Act that provides for a premium subsidy for COBRA beneficiaries.

The subsidy is 65 % of the COBRA continuation coverage premiums for eligible individuals for up to 9 months. The subsidy applies to people who were involuntarily terminated from their employment  between 9/1/08 and 12/31/09.  For more information visit the Dept. of Labor website     @ www.dol.gov/cobra Wayne Gifford

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