The legislation extended the period during which involuntary terminations would trigger subsidy eligibility, as well as expanding the duration of the subsidy. Employers and plan administrators also will face new notice and administrative requirements to implement the subsidy extension on a retroactive basis.
First, the Act expands the maximum subsidy period from nine months to fifteen months, including individuals currently receiving subsidized COBRA coverage.
Next, the Act extends the period during which a COBRA-qualifying event resulting from an involuntary termination of employment can trigger eligibility for the subsidy, extending the end of that period from December 31, 2009, to February 28, 2010. Read more> |
