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News Updates:
The 2010 Department of Defense Appropriations Act (DOD) extended the COBRA premium reduction eligibility period for two months until February 28, 2010 and increased the maximum period for receiving the subsidy for an additional six months (from 9 to 15 months).
 

Individuals who had reached the end of the reduced premium period before the legislation extended it to 15 months will have an extension of their grace period to pay the reduced premium.  To continue their coverage they must pay the 35 percent of the premium cost by February 17, 2010, or, if later, 30 days after notice of the extension is provided by their plan administrator. 

The Department of Labor released a Fact Sheet on the COBRA Subsidy Extension. http://www.dol.gov/ebsa/newsroom/
fscobrapremiumreduction.html

The DOL fact sheet encourages people who lost their subsidy and paid the full 100 percent premium in December 2009 to contact their employer or plan administrator to discuss a credit for future months of coverage or a reimbursement of the overpayment. 

"Assistance eligible individuals" who experience a qualifying event consisting of termination of employment on or after October 31, 2009 must be provided with a notice of the extension no later than February 17, 2010.

INTEGRA Administrative Group is meeting the requirement for notice of the extension for our clients.

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