Will the Senate soon pass an extension of the COBRA premium subsidies that lapsed two weeks ago? Yes — if several senators get their way.
On May 28, the House passed The American Jobs and Closing Tax Loopholes Act of 2010 — but only after stripping the bill of a provision that would’ve extended the subsidies through Nov. 30.
As a result, employees involuntarily terminated since June 1 haven’t been eligible to receive the subsidy.
But senators Bob Casey (D-PA) and Sherrod Brown (D-OH) have co-sponsored an amendment to the jobs bill that would extend the COBRA subsidies for laid-off workers through the end of November.
Fourteen other senators have already endorsed the amendment, which is being reviewed by the Senate.
So far, lawmakers have had trouble pushing the extension through due to its $8 billion price tag.
Should Congress pass the COBRA subsidy extension? Share your opinion in the Comments Box below.
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