COBRA premium subsidy extended through May

Yesterday, the President signed into law a bill extending the COBRA premium subsidy (yet again!) though May 31, 2010 (HR 4851). The terms of the subsidy remain unchanged from the previous extension, except that individuals who have a qualifying event as a result of an involuntary termination in April or May are now subsidy-eligible.

Stay tuned as lawmakers will likely make another bid to extend the subsidy through the end of the year. Vigilant will keep members updated. For more information on the premium subsidy, see our Legal Guide, “COBRA Provisions of the American Recovery and Reinvestment Act of 2009” (6015).