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Thousands More Workers to Benefit from COBRA Subsidy Extension

News
January 14, 2010
Laid-off workers will be able to keep their group health insurance from former employers at a subsidized rate under a new law signed by President Obama. Last year, the Obama administration's job stimulus program included a COBRA subsidy of 65 percent of the health care premium costs for laid-off workers for up to nine months. That program was set to expire Dec. 31, but has been extended and improved.