Update for this week on COBRA

On Monday, President Obama signed legislation extending the eligibility period for the Consolidated Omnibus Budget Reconciliation Act (COBRA) premium reduction through Feb. 28, 2010 — an additional two months — and the maximum period for receiving the subsidy for an additional six months.

Implications? Sometimes the reduced rate with the government (tax funded) subsidy is less than the amount if employed-so why take the position when unemployment checks have been extended too?