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COBRA and State Continuation Subsidies Extended

Dec 29, 2009

COBRA, state continuation subsidies extended

On December 19, 2009, President Barack Obama signed an extension of the COBRA subsidy program originally introduced under the American Recovery and Reinvestment Act of 2009 (ARRA).

ARRA provides for a federal subsidy of 65 percent of the COBRA continuation coverage premiums for qualified beneficiaries receiving COBRA continuation coverage due to involuntary termination of employment between September 1, 2008, and December 31, 2009. These individuals, referred to as "assistance-eligible individuals" or "AEIs," were entitled to receive the subsidy for up to nine months.

Under the new COBRA subsidy extension provision:
Impact on state continuation coverage:
Anthem Blue Cross is currently developing notifications to affected groups and members.

See the attached fact sheet for more details about the extension of the subsidy. For more information, please contact b&p Group Sales Representative.
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