COBRA Subsidy Extension
President Obama has approved an additional short-term extension of COBRA health insurance premium subsidies for employees who are terminated involuntarily and who qualify subject to other terms and conditions.
The measure extends the 15-month, 65% federal premium subsidy to employees involuntary terminated from April 1, 2010 through May 31, 2010. The previous short-term extension expired March 31, 2010.
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