Broker Broadcast
COBRA Continuation Coverage Assistance
The COBRA Continuation Coverage Assistance, which was made available under the American Recovery and Reinvestment Act of 2009 (ARRA) is ending for many who started on the plan in March. This subsidy paid 65 percent of the cost of COBRA for up to a nine month period. The premium reduction applies to periods of health coverage beginning on or after February 17, 2009 and lasts for up to nine months for those eligible for COBRA during the period beginning September 1, 2008 and ending December 31, 2009 due to an involuntary termination of employment that occurred during that period.
COBRA Continuation Coverage Assistance Timeline
- Those who applied for the subsidy on or before March 1, 2009 lost that subsidy on December 1, 2009.
- Those who applied for the subsidy after March 1, 2009 are still eligible for nine months worth of subsidy.
- Those who are laid off AFTER December 31, 2009 will not be eligible for a subsidy unless Congress agrees to extend the subsidy
If you have any questions, please contact your TIE Account Manager at (972) 991-6500
◄ Back to Broker Broadcasts
