LayoffBlog.com

March 16, 2009

New COBRA Subsidy is Effective Immediately

Filed under: General — 7macaw @ 6:45 am
Tags: , ,

The economic stimulus package signed by President Obama on Feb. 17 (its official title is “The American Recovery and Reinvestment Act of 2009”) creates a new, temporary employer-paid COBRA subsidy.

Under the new law, effective immediately, employers are required to fund 65% of an employee’s COBRA premiums for up to 9 months.

Source: San Fernando Valley Business Journal

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: