As many of us well know, COBRA requires employers to offer a continuation of insurance coverage for laid-off employees. The continuation of benefits lasts for a period of 18 months, and typically employees would be responsible for the entirety of its cost. However, the COBRA subsidy program, which pays 65% of the cost for a period of 9 months, was introduced this last year to ease the financial burden of maintaining health care. For many, this subsidy will be expiring, and a new bill has been introduced into the Senate and House to expand the benefit period to 15 months.

Read the full post on COBRA Extension.