Stimulus Bill Provides COBRA Premium Assistance for Laid-Off Workers

May 2009
Legal-Legislative Reporter;May2009, Vol. 43 Issue 5, p13
Trade Publication
The article focuses on the American Recovery and Reinvestment Act of 2009 penned by U.S. President Barack Obama which aimed at stimulating the economy and help laid-off employees. The said stimulus bill also offers already terminated individuals, who would have been eligible for the subsidy, another chance to elect coverage. Moreover, the bill gives that an assistance-eligible individual will pay only 35% of the employee's share of the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) premium.


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