Legal

Senate Passes COBRA Premium Subsidy Extension

By Staff Report

Mar. 10, 2010

The U.S. Senate approved tax legislation on a 62-36 vote Wednesday, March 10, that would further extend COBRA health insurance premium subsidies.


Under H.R. 4213, the 65 percent, 15-month federal premium subsidy would be extended to employees involuntarily terminated through December 31.


The vote followed a stopgap extension for employees terminated involuntarily from March 1-31 that President Barack Obama signed into law last week.


The Senate measure, which was introduced as a substitute amendment to H.R. 4213 already passed by the House, also would allow employees who first lost group coverage due to a reduction in hours and then were terminated to receive the COBRA premium subsidy, so long as certain conditions were met.


Other provisions would give employers more time to make required contributions to their pension plans and extend other expiring U.S. Tax Code sections.


The bill now moves back to the House. 


Filed by Jerry Geisel of Business Insurance, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.


 


Stay informed and connected. Get human resources news and HR features via Workforce Management’s Twitter feed or RSS feeds for mobile devices and news readers.

What’s New at Workforce.com?

blog workforce

Come see what we’re building in the world of predictive employee scheduling, superior labor insights and next-gen employee apps. We’re on a mission to automate workforce management for hourly employees and bring productivity, optimization and engagement to the frontline.

Book a call
See the software

Related Articles

workforce blog

Compliance

Minimum Wage by State in 2023 – All You Need to Know

Summary Twenty-three states and D.C. raised their minimum wage rates in 2023, effective January 1.  Thr...

federal law, minimum wage, pay rates, state law, wage law compliance

workforce blog

Legal

New Labor Laws Taking Effect in 2023

The new year is fast approaching, and with its arrival comes a host of new labor laws that will impact ...

labor laws, minimum wage, wage and hour law

workforce blog

Legal

Wage and Hour Laws in 2022: What Employers Need to Know

Whether a mom-and-pop shop with a handful of employees or a large corporation staffing thousands, compl...

compliance, wage and hour law