here.
COBRA Subsidy Extension, Extended Again
Thursday, February 04, 2010
- Morgan R. Cadwalader
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The COBRA Subsidy Extension of last year has been extended for an additional period of time for certain assistance eligible individuals. Please check out this link to the U.S. Department of Labor’s website explaining the extension. There is a great video recording of Assistant Secretary Phyllis Borzi explaining the COBRA Premium Reductions and how to get help.
This information has been provided as the opinion of Morgan Cadwalader, with supporting documentation from the sources cited. It is not intended and should not be substituted for legal advice or other professional services.
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Group Medical, Dental, and Vision Dependent Coverage Changes
Wednesday, May 27, 2009
- Morgan R. Cadwalader
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Effective June 1, 2009, all individual and group health insurance policies must extend the dependent coverage for qualifying dependents until age 26 or age 30 for military veteran dependents. This is irregardless of full-time student status. Dependents must still meet qualifying standards set in each policy.
An initial 90-day enrollment period is required. The initial enrollment period starts on June 1, 2009. However, if your policy renews or is issued on a date after June 1, 2009, your initial enrollment period will begin on that renewal or issuance date (e.g., if your renewal date is February 1, 2010, your initial enrollment period will begin on February 1, 2010.)
For more specific information, please see Illinois Insurance Facts on the Dependent Coverage HERE.
This information has been provided as the opinion of Morgan Cadwalader, with supporting documentation from the sources cited. It is not intended and should not be substituted for legal advice or other professional services.
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