COBRA Subsidy Extension Coming?
The COBRA subsidy extension expired Sunday. That means that employees involuntarily terminated this week are no longer eligible for the subsidy, absent action by Congress.
It looks like that action may be coming soon. Yesterday, Senate Majority Leader Harry Reid (D-NV) and Finance Committee Chair Max Baucus (D-MT) introduced legislation that would extend the 65% subsidy to employees who are involuntarily terminated from March 1 through the end of the year. Debate is expected to start today.
Stay tuned. For more, click here.