If you were scrambling to get your taxes done last week, you might have missed this important update. On April 15, 2010 President Obama signed the Continuing Extension Act of 2010, which extends eligibility for the COBRA subsidy to individuals who were/are involuntarily terminated between March 31, 2010 and May 31, 2010. This law is retroactive, so it will cover any employees who were let go between March 31 and April 15.
For additional information on the change plus links to the required COBRA notices, click here to read “COBRA Subsidy Extended. Again. And May Not Be for the Last Time” by our partners at Jackson Lewis, LLP.