Congress approved legislation to extend the federal subsidy of COBRA health insurance premiums. The legislation includes an extention of premium subsidy eligibility coverage period of two months. The new end date will be February 23, 2010instead of the orginial date of December 31, 2009. They also extended the duration of subsidy coverage from nine months to fifteen months. Individuals that were scheduled to loss their subsidy on December 1, 2009 will be able to qualify for the subsidy extention.
Workers who have used up thier original nine months eligibility will receive six more additional months of the 65 percent subsidy. Those who did not choose to continue with COBRA coverage once they timed out have the option to rejoin and pay their premium retroactively, receive the subsidy and maintain COBRA continuation. Workers who are involuntarily terminated through February 28, 2010, can now qualify to begin the subsidy and receive the full 15 months.
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