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LEGAL DISCLAIMER:
Information contained in this publication is not legal advice, and
should not be construed as legal advice. If you need legal advice upon which you can rely,
you should seek a legal opinion from your attorney.
DOL Releases Updated Fact Sheet On New COBRA Subsidy Extension.
The new Fact Sheet is available by “clicking here” or at:
The Fact Sheet redefines an "assistance eligible individual" as the employee or a
member of his/her family who elects COBRA coverage timely following a qualifying
event related to an involuntary termination of employment that occurs at any point
from:
September 1, 2008 through May 31, 2010; or
March 2, 2010 through May 31, 2010 if:
the involuntary termination follows a qualifying event that was a
reduction of hours; and
the reduction of hours occurred at any time from September 1, 2008
through May 31, 2010 (a reduction of hours is a qualifying event when
the employee and his/her family lose coverage because the employee,
though still employed, is no longer working enough hours to satisfy the
group health plan’s eligibility requirements).
See Client Bulletin 2010-29 for news on the COBRA premiums subsidy extension.