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With the job outlook grim, unemployed workers received an unexpected boost this week as President Obama signed legislation authorizing a six-month extension of the COBRA health care subsidy program that was part of the economic stimulus bill passed in February. "That makes me pretty happy," says Don Hall, 56, who lives outside Sandusky, Ohio. A supervisor with an MBA at an automotive parts supplier to Ford Motor Company, Hall was laid off in October 2008. He recently sent a letter of hardship to Wells Fargo to try to save his house from foreclosure. His subsidized COBRA payment has been...
...between September 1, 2008 and Dec. 31, 2009 are eligible for the subsidy that helps individuals and families continue on employer-sponsored health insurance. The new legislation, part of the $636.3 billion fiscal year 2010 defense spending bill, extends the subsidy from nine to 15 months and opens the program to workers who will be laid off between Jan. 1, 2010 and Feb. 28, 2010 as well...
...providing continuing coverage. Instead, it allows employees and their dependents to maintain coverage at their own expense by paying the full price of the premium plus an administration fee. The Joint Committee on Taxation, a non-partisan group focused on government finance, estimates the existing nine-month Cobra subsidy program has helped provide health care coverage to approximately 7 million Americans in 2009 at a cost of $24.7 billion...
PBHA plans to use the funds to match donations made to its Summer Urban Program, which is comprised of 12 camps run by Harvard undergraduates for low-income youth in the community. When voting for charities opened to 350 million Facebook users in early November, the first person to cast a vote for PBHA out of 500,000 other local charities was local high school student Philip Chu, who has attended SUP camps since the age of six and has recently served as a junior counselor for SUP's Chinatown Adventure program...
...recent International Monetary Fund loan. Belgrade is also rethinking its military options after neighbors Albania and Croatia joined NATO earlier this year, meaning most of Serbia is now surrounded by the alliance that bombed it in 1999. Serbia has already joined NATO's Partnership for Peace (PfP) program, a cooperation framework for NATO member aspirants. (See the top news stories of the year...