Didn't see this elsewhere on here, and felt it was an important item to pass on ...
A federal law went into effect on 2/26/09 that requires employers to pay 65% of COBRA health insurance premiums for most workers terminated between 9/1/08 and 12/31/09. All the former employee has to do is accept the offer of COBRA coverage, request the employer pay the 65% of the premiums, and must themselves pay the 35% remainder of the premiums.
You must have been covered by health insurance at the time you were terminated. If you also had domestic partner coverage, or were insuring dependent children, note that COBRA must be offered for him/her as well, and the same 65% subsidy is available.
Normally, you have to exercise your right to be covered under COBRA within 60 days of termination of your job. However, if you originally declined COBRA coverage, because of the cost, the legislation gives you a "safe harbor" of 60 days from the date of enactment (which would bring you to 4/27/09) to tell your employer you changed your mind, you DO want COBRA coverage, and you want them to pay 65% of the premiums!
FYI, the employer gets reimbursed for the 65% from the IRS, taking a credit for it on his payroll tax forms. But YOU can't get the money directly from the IRS; it must be through your former employer.
The subsidy phases out for those with Adjusted Gross Incomes between $125-145K unmarried ($250-290K married joint).
Even if this doesn't apply to you, please pass on this info to others who may be affected. Unfortunately, the law doesn't clearly require the employer specifically inform terminated employees of the right to insist on the 65% subsidy, and it is unlikely most will mention it.
Link below is to IRS page with info on the subsidy.
see link