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Stimulus Package includes 65% subsidy for COBRA Health Insurance Programs

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April 26, 2008 | Legal Alert

Enacted just prior to the publication of this newsletter, the American Recovery and Reinvestment Act of 2009 provides for a government subsidy of 65% of COBRA premiums for employees laid off between September 1, 2008 and December 31, 2009. The subsidy for continuation coverage applies to coverage required to be offered under COBRA by employers of at least 20 employees, but also includes continuation coverage required under State laws, such as New Jersey's, that requires such coverage from employers of less than 20 employees. The subsidy took effect on March 1, 2009.

Our attorneys are prepared to offer additional information on the details of this recently enacted law.

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