Posted On:
February 20, 2009
COBRA Premium Assistance Under the American Recovery and Reinvestment Act
In addition to provisions expanding unemployment compensation benefits and limiting executive pay, another key employment-law provision of the stimulus bill signed by President Obama this week provides a 65% COBRA premium subsidy for certain laid-off workers for up to 9 months.
The Department of Labor has a useful summary of the COBRA subsidy with links to the provisions of the American Recovery and Reinvestment Act (the stimulus bill). This provision needs to be read and understood by employers and employees alike.
