President Obama signed legislation on December 19, 2009, that extends the eligibility period for the COBRA subsidy. Originally, only those involuntarily terminated through December 31, 2009 were covered. The timeframe has been extended to individuals who are involuntarily terminated through February 28, 2010. Additionally, the legislation extends the length of time in which eligible employees will receive the subsidy, extending the period from nine months to fifteen months.
For up to date information on this legislation visit: https://www.hr411.com/legal-updates/?lu=6947992