DOL Updates COBRA Information

No, there's not another COBRA subsidy extension, but the Department of Labor's Employee Benefits Security Administration updated its COBRA Web page to add a fact sheet and FAQs on maintaining health coverage after the COBRA premium reduction ends.

Department of Labor Issues Reminder about COBRA Subsidy Expiration

The Department of Labor (DOL) issued a reminder that the COBRA Premium Reduction's sunset clause under the American Recovery and Reinvestment Act (ARRA) is in effect, so individuals involuntarily terminated after May 31, 2010 are not eligible for the COBRA subsidy and should receive non-ARRA COBRA notices.

New COBRA Model Notices Available

The Department of Labor's Employee Benefits Security Administration just posted updated Model Notices that reflect the latest extension. You can also find an updated Fact Sheet, Frequently Asked Questions, and other documents on the COBRA page.

DOL Updates COBRA information

The Department of Labor's (DOL) Employee Benefits Security Administration has updated its COBRA Website with the following information to reflect the Continuing Extension Act of 2010.

• Statement of Assistant Secretary Phyllis C. Borzi on the Extension of COBRA Subsidy Eligibility
• COBRA Premium Reduction Fact Sheet
• Link to the Continuing Extension Act of 2010
• Health Care Reform and COBRA FAQs

Assistant Secretary Phyllis C. Borzi of tjhe DOL states, "This extension provides a COBRA premium subsidy for eligible individuals who are involuntarily terminated from employment through May 31, 2010....The new law also provides retroactive eligibility for individuals who lost their jobs after the prior COBRA subsidy expired on March 31, 2010. "

Another COBRA Extension Signed into Law

President Obama signed a law extending the 15-month, 65% COBRA subsidy for those who have lost their jobs. The new extension runs through May 31, 2010. Stay tuned to HR Watchdog for more information on this important development!