COBRA Continuation Premium Subsidy

 Under the American Recovery and Reinvestment Act of 2009 (stimulus bill), certain individuals who are eligible for COBRA continuation health coverage (or similar coverage under state law), will receive a temporary subsidy for 65 percent of their  premiums. Although the subsidy is available starting March 1, many of the details still are being worked out by the Department of Labor, in particular, the notices that employers and employees are required to give each other. Those notices are to be available by March 17. The IRS has largely worked out the procedure for employers to be reimbursed for the subsidy. It is simpler than might have been expected.

Below are links to information and guidance from the DOL and IRS. Employers should check for updates.

We also can answer your questions. Call Robert L. Gross (216-839-1111) or  email [email protected].

COBRA Premium Reduction Fact Sheet

Job Loss Poster (8½” x 11″)

• Job Loss Poster (11″ x 17″)

Flyer for Employers • Flyer for Employees

COBRA Continuation Health Coverage FAQs for Employees

COBRA Continuation Health Coverage FAQs for Employers

• IRS Information on COBRA Premium Reduction

DOL Information Related to the American Recovery and Reinvestment Act of 2009

 

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