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COBRA Subsidy Extended Again
McGuireWoodsLink to more items from this source
[Guidance Overview]
Mar. 8, 2010
Excerpt: The passage of TEA creates new classes of separated employees who may be eligible for (a) renewed coverage under COBRA, and (b) premium assistance under the COBRA subsidy program. * Employers will need to comply with these changes and notify applicable [Assistance Eligible Individuals] immediately. * Employers should begin to track those employees who have obtained COBRA rights as a result of a reduction in hours so that appropriate notices can be sent if those employees are later involuntarily terminated during March 2010. * Employers should continue to track these employees because the COBRA subsidy program may be further extended.

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