COBRA Federal Subsidy Extended to May 31, 2010
The president signed H.R. 4851 into law late Thursday. The bill was approved earlier in the day by the Senate on a 59-38 vote and by the House on a 289-122 vote. The measure extends the 15-month, 65% federal premium subsidy to employees laid off from April 1 through May 31. The previous short-term extension expired March 31.
See the full story in Business Insurance: http://www.businessinsurance.com/article/20100416/NEWS/100419944 .