Expiration of the COBRA Premium Subsidy
On February 17, 2009, President Obama signed the American Economic Recovery and Reinvestment Plan into law which included significant changes to the group health plan coverage continuation provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), including a COBRA premium subsidy. The original COBRA subsidy applied only to individuals who experienced an involuntary termination of employment during the period from September 1, 2008 through December 31, 2009. This eligibility period was extended multiple times, with the most recent extension terminating on May 31, 2010.
Model Notices Available As Required by the COBRA Subsidiary Rules in Stimulus Act.
Model Notices Available As Required by the COBRA Subsidiary Rules in Stimulus Act.
On February 17, 2009, President Obama signed the American Economic Recovery and Reinvestment Plan into law. Included in the variety of programs designed to promote overall economic recovery are significant changes to the group health plan coverage continuation provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 “COBRA”).
On February 29, 2008, the Department of Labor issued an amendment clarifying when employee contributions become an asset of the 401(k) plan.