The New COBRA Subsidy: What You Should Know

Changes in COBRA obligate companies to notify departing employees (including those who left as far back as September 1, 2008) of a federal right to subsidized health care continuation. Under the American Recovery and Reinvestment Act of 2009 (ARRA) and the newly-issued administrative guidance and model notices, an employer must advance 65% of COBRA premiums for those employees involuntarily terminated between September 1, 2008 and December 31, 2009, who elect continuation.

Related Practices & Industries