Members of the Senate have voted 60-40 to let an unemployment benefits extension bill that says nothing about the COBRA health benefits subsidy extension come up for a vote.
The House already has approved a version of the bill, H.R. 4213, Promoting American Jobs, Closing Tax Loopholes and Preventing Outsourcing Act, in December 2009.
The Senate could vote on final passage of its version of the bill by 9 p.m. Wednesday, according to the Senate floor calendar.
Back in February, when Sen. Max Baucus, D-Mont., the chairman of the Senate Finance Committee, and Sen. Charles Grassley, R-Iowa, the highest ranking Republican on the committee, introduced a version of the bill that became H.R. 4213, the the bill included a provision that would have extended the 65% federal COBRA health benefits extension.
Showing posts with label COBRA. Show all posts
Showing posts with label COBRA. Show all posts
Wednesday, July 21, 2010
Friday, June 25, 2010
COBRA Subsidy Extension Receives Another Setback
WASHINGTON—Senate Democratic leaders on Thursday failed once again to win enough support to stop debate and bring to a floor vote a tax extenders bill, delivering another blow to backers on extending federal COBRA premium subsidies.
To read the full story click here:
http://www.businessinsurance.com/apps/pbcs.dll/article?AID=/20100625/NEWS/100629937
To read the full story click here:
http://www.businessinsurance.com/apps/pbcs.dll/article?AID=/20100625/NEWS/100629937
Tuesday, June 8, 2010
Revamped Tax Bill Omits Extenstion of COBRA Subsidy
UPDATE: An amendmendment to this bill was proposed by Sen. Robert Casey, D-PA on Wednesday, June 9 and would extend eligibility for the subsidy through Nov. 30, 2010.
It appears that eligibility for the 15 month, 65% COBRA subsidy will end on May 31, 2010. Legislators who are becoming more and more leery of approving measures that would deepen the federal deficit did not mention the subsidy in the most recent version of H.R. 4213.
The Senate version of the bill originally proposed that eligibility be extended to employees laid off through the end of 2010. The House subsequently removed that from the bill before passing and sending it back to the Senate. The projected cost of extending the subsidy was $8 billion.
To read the Business Insurance article on this item click here:
http://www.businessinsurance.com/article/20100608/NEWS/100609919
It appears that eligibility for the 15 month, 65% COBRA subsidy will end on May 31, 2010. Legislators who are becoming more and more leery of approving measures that would deepen the federal deficit did not mention the subsidy in the most recent version of H.R. 4213.
The Senate version of the bill originally proposed that eligibility be extended to employees laid off through the end of 2010. The House subsequently removed that from the bill before passing and sending it back to the Senate. The projected cost of extending the subsidy was $8 billion.
To read the Business Insurance article on this item click here:
http://www.businessinsurance.com/article/20100608/NEWS/100609919
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