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Financial Impact

Senate Fails to Extend COBRA Subsidy Before Break

March 26, 2010
Without the extension, employees who are involuntarily terminated after March 31 will not be eligible for the 65 percent, 15-month premium subsidy. The House-approved bill, introduced by Ways and Means Committee Chairman Sander Levin, D-Michigan, would extend the subsidy eligibility through April 30.
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