Viewing posts from: February 2009

House Passes COBRA Extension, Subsidy

Posted February 3, 2009 by admin

House passes COBRA extension, subsidy

Business Insurance
Jerry Geisel

The COBRA provisions, embedded in a massive economic stimulus package that the House approved on a party-line 244-188 vote, would be a huge expansion of the COBRA law and would saddle employers with health care costs few could have imagined when Congress enacted the health care continuation law in 1986.

Under the measure, employees who stop working as young as age 55 could retain COBRA coverage until becoming eligible for Medicare when they turn 65, regardless of how long they worked for the employer.

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