COBRA Subsidy Bill Expires Again; New COBRA Subsidy Bill Extension Approval Coming Soon…

Congress let the Federal COBRA Subsidy expire at the end of February.  New legislation to extend the subsidy retroactive to March 1st is expected to be passed and enacted into law within the next two weeks.  Federal unemployment assistance also expired February 28th but an extension is expected to be included in the same legislation that will extend the COBRA subsidy. 

 Combined, this legislation has a price tag of $11+ billion.  This will be the second time that the COBRA premium subsidy has been extended since it was originally passed in February of 2009.  The “fine print” in the legislation of the expected reinstatement is not yet available, but will be posted here as soon as it is available.