- President Obama echoes Elizabeth Warren
- Age Discrimination Harder To Fight Amid Record Unemployment For Older Workers
- Economists Call For Massive Debt Relief To Jumpstart Economy
- Marty Kaplan: Occupy K Street
- Zvi Or-Bach: How to Create American Jobs
- #OccupyWallStreet Protests Spark Optimism At Progressive Political Conference
- Ben Bernanke: Congress Should Not Sharply Cut Spending In Weak Economy
- Executive Pay Spiraling Upward As Corporations Race To Pay Their Top Brass The Most
- Elizabeth Warren: 'The People On Wall Street Broke This Country'
- Joel Libava: Franchise Ownership: Should Unemployed Boomers Start Looking Into It?
- Michele Nash-Hoff: Why is There a Lack of Skilled Workers With Such High Unemployment?
- Jason Alderman: The 411 on Prepaid Cards
| Article Index |
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| COBRA Premium Subsidy Expires |
| What is COBRA? |
| Continuing COBRA with TEA |
| COBRA Factsheet |
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UPDATED July 14, 2010 Americans involuntary terminated after May 31, 2010 who would be eligible for COBRA health insurance will NOT be eligible the CORA subsidy under the The American Recovery and Reinvestment Act of 2009 (ARRA), as amended as amended several times. According to this statement by Assistant Secretary of Labor Phyllis C. Borzi:
ARRA provides a COBRA premium reduction for eligible individuals who are involuntarily terminated from employment through the end of May 2010. Due to the statutory sunset, the COBRA premium reduction under ARRA is not available for individuals who experience involuntary terminations after May 31, 2010. However, individuals who qualified on or before May 31, 2010 may continue to pay reduced premiums for up to 15 months, as long as they are not eligible for another group health plan or Medicare.
Unless the sunset date is extended by Congress, individuals who lose their jobs after May 31, 2010 will not be eligible for the subsidy.
Eligible individuals pay only 35 percent of their COBRA premiums and the remaining 65 percent is reimbursed to the coverage provider through a tax credit.
Minimum Wage
Workers in BMW's auto plants in Germany make twice as much as US workers in BMW plants who make $15 an hour. Oh and by the way German workers get 35 days of vacation AND decent healthcare.
The tea party want to abolish the minimum wage. Did YOU VOTE?
Survivor Graph of the Day
- Long Term Unemployment Over 26 Weeks
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