The Continuing Extension Act of 2010, signed into law on April 15, 2010, continues the 65 percent COBRA premiums subsidy first introduced by the American Recovery and Reinvestment Act.   More after the break.

The new law provides a 15-month premium subsidy to individuals who were involuntarily terminated between September 1, 2008, and May 31, 2010.  Individuals who were terminated between March 2, 2010, and May 31, 2010, following a reduction of hours that occurred between September 1, 2008, and May 31, 2010, also qualify for the subsidy.  In addition, the Act provides transition relief for individuals who lost their jobs between March 31, 2010, and April 15, 2010.  Other provisions under the Act include an extension on the deadline to file for Federal Emergency Unemployment Compensation until June 2, 2010, an extension on Medicare physician payment rates until May 31, 2010, and compensation for federal employees who were furloughed during March 1st and 2nd.

Additional information on this law here, here and here (DOL site).  The text of the law can be found here. 

Contributed by Claudia L. Guzman