Hope your people are getting used to the extra paperwork and headaches associated with the COBRA subsidy — because it looks like another extension may be on its way.
The Obama administration has proposed the 65% health insurance premium subsidy be extended yet again.
The latest extension is tucked inside the administration’s proposed federal budget for fiscal year 2011. Under the proposal, employees laid off from March 1, 2010 through Dec. 31, 2010 would be eligible for the subsidy for up to 12 months.
Currently, employees laid off from Sept. 1, 2008 through Feb. 28, 2010 can receive the subsidy for up to 15 months. The latest extension would not affect those workers.
What do you think of this latest proposal? Let us know in the Comments Box below.
During your free trial, you can cancel at any time with a single click on your “Account” page. It’s that easy.
