COBRA Premium Subsidy Eligibility Period Extended

As discussed in a recent post regarding the government’s COBRA program, the American Recovery and Reinvestment Act of 2009 made certain individuals terminated in the period beginning Sept. 1, 2008 and ending December 31, 2009 eligible to receive a government financed subsidy equal to 65% of the COBRA continuation premium. Such program was initiated in response to the recession and a growing population of individuals without health-care coverage. For participating individuals the subsidy can continue for a maximum period of 15 months. With the eligibility window set to expire last week, Assistant Secretary of Labor Phyllis C. Borzi announced that the government had decided to extend the eligibility window for two additional months, thus allowing assistance-eligible-individuals terminated after December 31, 2009 and before February 28, 2010, to participate in the subsidy program.

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Roger Royse
rroyse@rroyselaw.com

Roger Royse, the founder of the Royse Law Firm, works with companies ranging from newly formed tech startups to publicly traded multinationals in a variety of industries. Roger regularly advises on complex tax structuring, high stakes business negotiations and large international financial transactions. Practicing business and tax law since 1984, Roger’s background includes work with prominent San Francisco Bay area law firms, as well as Milbank, Tweed, Hadley and McCloy in New York City.
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