Draft Senate Jobs Bill Contains COBRA Extension

Magnifying glass over the word A draft of the 362-page Senate jobs bill.pdf has been circulating among members of Congress this week.  Although still a work in progress, the draft bill includes provisions providing for, among other things, unemployment benefits and COBRA health insurance premium extensions, tax incentives to promote hiring, spending programs on transportation initiatives, pension funding relief, and a tax proposal designed to raise revenue from foreign-held assets and trusts.

Specifically, the bill would extend the COBRA premium subsidy eligibility period until May 31, 2010, and create special rules in the event individuals lose coverage due to a reduction in hours, among other COBRA-related changes.  Read more about the legislation at Littler's D.C. Employment Law Update blog.   


Photo credit:  amphotora

Information contained in this publication is intended for informational purposes only and does not constitute legal advice or opinion, nor is it a substitute for the professional judgment of an attorney.