N.C. law extends COBRA enrollment - The Business Journal of the Greater Triad Area:

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The law extends the enrollment period to 120 days from 60 The coverage, often called will ultimately allow employees to receive the federaol stimulus package’s 65 percent COBRA premium Laid-off personnel must have worked at small businesses with fewer than 20 employees. “Becaus e of this legislation and the federalkpremium subsidy, more North Carolinians who have been laid off will be able to maintai their insurance coverage,” says N.C. Insurancd Commissioner Wayne Goodwin. “We hear from a lot of consumerse who unfortunately have chosen not to extend their coveragse through COBRAor mini-COBRA because it is simply too expensive or they missed the election period.
” COBRA gives workerds and their families the option to continue group health benefits for limited periods of time under certaihn circumstances. Under federal law, COBRA generally appliese to companies with 20 ormore employees, and workera may be charged up to 102 percent of the full healthy insurance premium. Insurance companies of small employers those who have fewer than 20employees — are require d to offer continuation coverage undeer North Carolina’s Group Health Insurance Continuationb laws.
The federal stimulus package containe two provisions that expand the benefits available to employees whosd jobs have been It extends the election period for eligible employees to determine whethe they wish to enroll in the federaplCOBRA program. The new N.C. law provides the same extended election periodrfor mini-COBRA in North Carolina. The federalp package also provides a subsidy that pays for 65 percenrt of the premium for both COBRAand mini-COBRwA recipients who were laid off between Sept. 1, and Dec. 31, 2009.
Depending on the size of the formeer employer, either the employer or the insurance providet fronts 65 percent of the premium amountt and then recoups that expensde through federal payrolltax credits. Workerds are responsible for the remaininh 35 percent ofthe premium.