The document summarizes new COBRA laws under the American Recovery and Reinvestment Act (ARRA) that provide subsidized health coverage through COBRA. Key provisions include a temporary 65% premium subsidy for qualified beneficiaries between September 2008 and December 2009, an extended election period, income limits for eligibility, required notices, and penalties for noncompliance. Employers must determine eligible beneficiaries, issue revised notices, and establish procedures to receive reimbursement for the subsidized premium amounts.