On December 19, President Obama signed into law the Department of Defense (DOD) Appropriations Act, 2010, extending the COBRA premium subsidy that was enacted under ARRA through February 28, 2010. With this new act, employer will have to notify their COBRA employees and any newly involuntary terminated employees of this extension and could have to pay the 65% subsidy retro for some employees.
For details on this extension and the new provisions go to the IRS website at http://www.irs.gov/newsroom/article/0,,id=204505,00.html.
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