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COBRA Subsidy Extended to 15 Months
Under the American Recovery and Reinvestment Act of 2009, the federal government pays 65% of COBRA premiums for up to 9 months for employees who were involuntarily terminated between September 1, 2008, and December 31, 2009. The Defense Appropriations Bill extended the American Recovery and Reinvestment Act of 2009 COBRA subsidy from 9 months to 15 months for employees involuntarily terminated on or before March, 2010.
Please contact Castronovo & McKinney if you have any questions regarding your severance agreement and visit our blog for additional information.
More info: NJ Severance Attorneys