And so it begins.......

Discussion in 'General Discussion' started by RightHand, Feb 23, 2009.

  1. RightHand

    RightHand Been There, Done That RIP 4/15/21 Moderator Moderator Emeritus Founding Member

    "On February 18, 2009. President Obama signed into law the American Recovery Reinvestment Act of 2009 (ARRA). The act contains legislation that amends COBRA. Employees who lose group health coverage due to involuntary termination will now be eligible for a 65% subsidy payment toward the cost of their COBRA premiums. The employee will pay 35% of the premium cost under the plan's normal payment procedures. The employer will then claim the 65% as a credit toward the employer's payroll taxes. The termination must occur between September 1, 2008 and December 31, 2009, for the employee to be eligible for the subsidy payment."

    For additional information on this Act, visit
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