COBRA Subsidy Extention – again

On March 2, 2010, ARRA was amended by the Temporary Extension Act of 2010, which extending federal funding for the ARRA COBRA subsidy and unemployment benefits.

The deadline for eligibility for the 65% health insurance premium subsidy has now been extended through March 31, 2010. Previously, eligibility only extended to those who lost their jobs through Feb. 28.  Those eligible can still receive the subsidy for 15 months.

But watch out, this extension is even more complicated than the original subsidy eligibility rules.  Not everyone will qualify.   Make sure your employer or your insurance company gives you accurate information!

I wonder why they don’t just extend the subsidy through the end of the year.   Why dole it out one month at a time?  Oh, yeah… it’s the politicians at work, again.

Go here to read the full government-speak amendment.