Continuing Extension Act of 2010
The Continuing Extension Act of 2010 was passed by the House and Senate on April 15th, 2010 and signed by the President which extends the COBRA subsidy through May 31, 2010. Unemployment benefits were extended through June 2, 2010.
COBRA Continuation Coverage Assistance Under ARRA
The American Recovery and Reinvestment Act of 2009 (ARRA), as amended on December 19, 2009 by the Department of Defense Appropriations Act, 2010 (2010 DOD Act) provides for premium reductions for health benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985, commonly called COBRA. Eligible individuals pay only 35 percent of their COBRA premiums and the remaining 65 percent is reimbursed to the coverage provider through a tax credit. To qualify, individuals must experience a COBRA qualifying event that is the involuntary termination of a covered employee's employment.