President Obama on Monday signed H.R. 3326, a measure that extends a federal COBRA subsidy program to help laid-off workers pay for continued health insurance coverage.
The law extends the subsidy an additional six months. Those eligible will now be able to receive the subsidy for a total of 15 months, instead of the current nine.
The law also extends eligibility two months. The date for eligibility was set to expire on Dec. 31, but has been extended to workers laid off between Jan. 1 and Feb. 28, 2010, in addition to those let go between Sept. 1, 2008, and Dec. 31, 2009, under the original program.
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