Government Subsidy for COBRA Premiums – Part II
On February 20, 2009 we issued an Advisory entitled “Stimulus Bill Provides Government Subsidy for COBRA Premiums”. Since then, both the Internal Revenue Service and the Department of Labor have issued guidance on how the COBRA subsidy will be implemented. Below are links to and brief descriptions of each piece of guidance:
Internal Revenue Service
Department of Labor
COBRA Continuation Health Coverage FAQs for Employers
COBRA Continuation Health Coverage FAQs for Employees
The deadline for compliance with this new legislation is fast approaching. A special notice must be issued and election forms designed by April 18, 2009.
If you have any questions relating to implementation of the new COBRA subsidy requirements, please contact a member of the Troutman Sanders Compensation and Employee Benefits Practice Group.
Contact: