On April 15, 2010, Congress approved another short-term extension for unemployment insurance benefits and a COBRA health insurance premium subsidy for jobless Americans.
The new law will provide relief to jobless workers whose unemployment benefits expired on April 5, 2010. According to the law, these workers must reapply for long-term unemployment benefits to receive their payments retroactively. This extension extends the unemployment benefits until June 2, 2010, and the COBRA premium subsidy until May 31, 2010.
In March 2010, the Senate passed an amended version of legislation (H.R. 4213) that would extend popular tax breaks for individuals and businesses. If enacted, the legislation would continue long-term unemployment benefits and the COBRA premium subsidy until Dec. 31, 2010.
More regulatory changes are likely to occur and we will keep you updated of those changes.
Please note that this information should not be used as legal advice.
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