On April 15, 2010 President Obama signed into law the "Continuing Extension Act of 2010." This law temporarily extends the COBRA subsidy until May 31, 2010. Employees who are involuntarily terminated prior to May 31, 2010 may be eligible for the 65% premium subsidy. The Department of Labor has not yet released revised model notices, so you should continue to use the prior notices (and revise dates as necessary). Employees terminated before today but after March 31, 2010 will need to be informed that they may now be eligible for the subsidy by using either the Model Supplemental Information Notice (if the member elected COBRA) or the Model Notice of Extended Election Period (if they have not yet elected COBRA). We will inform you when the DOL releases revised COBRA notices. For future terminations, you can continue to use the Model Updated General Notice. http://www.dol.gov/ebsa/COBRAmodelnotice.html |