The American Benefits Council has published a summary of provisions in the Conference Agreement for the American Recovery and Reinvestment Act of 2009. The Summary indicates what the COBRA provisions contained in the bill will look like:
The COBRA subsidy for eligible workers would be equal to 65% of the COBRA premium for a period of 9 months. The COBRA subsidy would be administered by Treasury through a mechanism that allows employers to receive a credit against payroll taxes. Individuals with annual incomes above $125,000 (single) or $250,000 (couples) would not be eligible for the COBRA subsidy.