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Labor & Employment Law
: Ross' Employment Law BlogCOBRA premium reduction fact sheet
Department of Labor has a nice fact sheet explaining recent statutory changes.
The 2010 Department of Defense Appropriations Act extended the COBRA premium reduction eligibility period for two months until February 28, 2010 and increased the maximum period for receiving the subsidy for an additional six months (from nine to 15 months).
In addition, individuals who had reached the end of the reduced premium period before the legislation extended it to 15 months will have an extension of their grace period to pay the reduced premium. To continue their coverage they must pay the 35 percent of premium costs by February 17, 2010, or, if later, 30 days after notice of the extension is provided by their plan administrator.
Full post as published by Ross' Employment Law Blog on December 30, 2009 (boomark / email).
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