The House of Representatives yesterday approved legislation that would extend the COBRA subsidy, embedded in the Defense Appropriation Act.
H.R. 3326 states that the 65% premium subsidy would be extended six extra months and apply to anyone facing involuntary employment termination through February 28, 2010. There is also language regarding retroactive premium payments: an additional six months of subsidized coverage would be provided for anyone whose nine month subsidy has run out.
It is expected that the House will take up another bill that would extend the subsidy to those who lose their jobs through June 30, 2010. We will keep you updated.