Federal subsidies covering 65 percent of the cost of COBRA premiums will expire after Wednesday.
The subsidies, enacted under the American Recovery and Reinvestment Act (ARRA), were given to eligible unemployed workers laid off between September 2008 and May 2010. [DOL has offered a full fact sheet on the COBRA Premium Reduction]
Though Congress had passed several extensions for the premium assistance program, legislation to extend eligibility to workers laid off beyond May 31, 2010 was proposed, but never passed.
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