DOL Shares More Details On COBRA Subsidy Plan

Law360, New York (March 20, 2009, 12:00 AM EDT) -- The U.S. Department of Labor revealed more details Thursday about a new subsidy program available to laid-off workers seeking health insurance coverage under COBRA, including eligibility requirements and employer notification responsibilities.

Eligible workers, which include those who were laid off or other otherwise involuntarily terminated for reasons besides gross incompetence, would have to pay 35 percent of the cost of their premiums under COBRA, with the insurance provider receiving a reimbursement through a tax credit for the other 65 percent, according to the DOL.

The subsidy...
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