Wendy, who earlier wrote about the COBRA subsidy and alternative health care options for employees, says: "There are two pieces of legislation making their way through the Congress - one in the House and one in the Senate - that would extend the COBRA subsidy. The Senate bill is: S. 2730 and the House bill is HR. 3930."
It seems likely that the Congress will extend the subsidy. For those of you who follow these:
- COBRA Subsidy Extension in the Senate. Senate Bill: S. 2730, The COBRA Subsidy Extension and Enhancement Act of 2009, was introduced on November 4, 2009. Its Sponsors were: Senator Sherrod Brown (D-OH) and Bob Casey (D-PA). Latest Action was November 4th: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Major Provisions are: The current subsidies are extended for an additional 6 months and a new 75% COBRA subsidy for newly unemployed begins in 1/01/2010 through 06/2010. The COBRA subsidy is extended from 9 months to 15 months and a reduction in hours from full-time to part-time becomes a COBRA-qualifying event.
- COBRA Subsidy Extension in the House. HR. 3930, the Extended COBRA Continuation Protection Act of 2009, was introduced on October 28, 2009 by Sponsor: Representative Joe Sestak (D-PA). In the latest action taken in Congress on October 26th, the Act was referred to House Education and Labor committee.
Major Provisions are: COBRA is extended from 18 months to 24 months. Current subsidies receive a 6 month extension and a 65% COBRA subsidy is extended through 1/06/2010.
Image Copyright Wendy Nice Barnes