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Have COBRA subsidies come to the end of the road? Judging by recent activity in Congress, it looks increasingly likely.
Employer subsidies covering 65% of COBRA premiums for termed workers ended on May 31 (individuals who were eligible on or before that date will continue to receive financial assistance for up to 15 months). On Wednesday, the Senate passed a bill to extend unemployment benefits until November for individuals who have been out of work for six or more months. A provision in the bill that would similarly extend COBRA subsidies was removed from the bill last month, and little has been heard from either house of Congress on the matter since.
MedBen continues to work with its COBRA clients to ensure that current regulations are being met and subsidies are paid properly. To learn more about our COBRA administrative services, please contact Vice President of Sales and Marketing Brian Fargus at 888-627-8683.