For the third time, the COBRA premium subsidy program has been extended, this time through May 31, 2010, under the Continuing Extension Act of 2010 (Act). The key provisions of the Act include:

    • The extension of the eligibility period for the COBRA subsidy through May 31, 2010.
    • A new special election period and related notice requirement for individuals who experience a qualifying event that is related to a termination of employment on or after April 1, 2010, and before April 15, 2010.

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Source: Employee Benefits & Executive Compensation Alert
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