| Subject: | Internal Revenue Service and Department of Labor Issue Guidance for Employers on new COBRA Subsidy |
| Category: | Miscellaneous (MISC)
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| Published: | Tue, 14 Apr 2009 - 06:00 am |
| The Internal Revenue Service (IRS) has issued guidance on Section 3001 of the American Recovery and Reinvestment Act of 2009 (ARRA), Public Law 111-5, enacted February 17, 2009, relating to premium assistance for COBRA continuation coverage. Section 3001 of ARRA provides for a 65 percent reduction in the COBRA premium otherwise payable by certain involuntarily terminated individuals and their families who elect COBRA continuation health coverage. The IRS guidance provides detail on... The full article is available to StayAlert subscribers. Click here for a free trial subscription. |
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