The 2021 federal stimulus bill includes an ARPA COBRA provision that may provide up to a six-month federally financed COBRA subsidy (for the period starting April 1, 2021 and ending September 30, 2021). This provision applies to eligible employees whose health insurance was terminated on or after November 1, 2019, because of involuntary job loss or a reduction of hours. This federal financing fully covers the COBRA health insurance premiums for eligible individuals.
Was your health insurance terminated on or after November 1, 2019, because of involuntary job loss or a reduction of hours at CUNY? You may be eligible for the COBRA subsidy under the American Rescue Plan, the new federal stimulus legislation. Donna Costa, the Executive Director of the PSC/CUNY Welfare Fund, has sent a letter to members who may be eligible for this new federally-funded COBRA subsidy. The letter, which has important details, is posted on the PSC/CUNY Welfare Fund website. Click here to read the letter. Click here for the FAQ from the Department of Labor.
