Season’s Greetings…! President Obama is extending the federal subsidy to help unemployed workers acquire health insurance. President Obama signed the bill into law on 12/21/09.
Here is how it works. The old deadline of 12/31/09 has been extended to 2/28/10. Now employees who are involuntarily terminated between now and 2/28/10 can receive the 65 percent subsidy for 15 months. It used to be just 9 months. That leads me to my next point.
Let’s say we have an employee who was terminated 4/1/09. Their subsidy would be running out at the end of 2009. Those employees will now get an extra 6 months of subsidy.
Here’s the bottom line. The new deadline is 2/28/09. The subsidy now lasts 15 months instead of 9 months. People already on subsidy will get an extra 6 months. If you have questions, please feel free to call the office. Have a great holiday season. Mark
Mark,
Your blog post is a great service. Hope you and your family have a great holiday season.
-joe
Comment by Joe Mueller — December 23, 2009 @ 6:46 am