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The American Recovery and Reinvestment Act of 2009 as signed by President Barack Obama includes a 65% subsidy to employees for COBRA-enabled insurance for up to 9 months [18] after an involuntary termination (this has since been expanded to 15 months). An employee is eligible for this subsidy if
Recovery Act: Enacted by: the 111th United States Congress: Effective: February 17, 2009: Citations; Public law: 111-5: Statutes at Large: 123 Stat. 115: Codification; Acts amended: Energy Policy Act of 2005 Energy Policy Act of 1992 Public Utility Regulatory Policies Act of 1978 Public Utility Holding Company Act of 1935: Titles amended: 16 U ...
COBRA insurance coverage is a common phrase, but most people aren't fully aware of what COBRA is, what it costs, and whether or not it's really beneficial to an unemployed worker. Lucky for you ...
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The Equal Access to COBRA Act was a bill which would amend the Internal Revenue Code, the Employee Retirement Income Security Act of 1974, and the Public Health Service Act to extend COBRA health insurance coverage to qualified beneficiaries, defined to include domestic partners.
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The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) provides some employees and beneficiaries with the right to continue their coverage under an employer-sponsored group health benefit plan for a limited time after the occurrence of certain events that would otherwise cause termination of such coverage, such as the loss of ...
The Act also extends some provisions from the American Recovery and Reinvestment Act of 2009 (ARRA or 'the Stimulus'). The act also includes several other tax- and economy-related measures intended to have a new stimulatory effect, mostly notably an extension of unemployment benefits and a one-year reduction in the FICA payroll tax , as part of ...
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