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Update Dec. 16: House Passes COBRA Subsidy Extension and Expansion The IRS has issued guidance on the COBRA premium assistance or subsidy provisions of the economic stimulus bill recently passed in Congress. Under the provisions, eligible employees who were involuntarily terminated from their jobs between September 1, 2008, and December 31, 2009, and their qualified […]
The new stimulus package, called the American Recovery and Reinvestment Act of 2009 (ARRA), provides COBRA subsidies for certain employees terminated or laid off between September 1, 2008 and December 31, 2009. The subsidy reduces an employee’s COBRA premium by 65% for up to nine months, provided that the employee meets the eligibility requirements. Last […]
Update Dec. 16: House Passes COBRA Subsidy Extension and Expansion Today, the U.S. Department of Labor (DOL) issued model COBRA continuation coverage notices that reflect the new nine-month, 65 percent subsidy on COBRA premiums. The notices are available online at www.dol.gov/ebsa/COBRAmodelnotice.html. There are four types of notices, each tailored to a particular employee, beneficiary, or […]
The U.S. Equal Employment Opportunity Commission (EEOC) is in the process of finalizing regulations implementing the employment provisions of the Genetic Information Non-Discrimination Act of 2008 (GINA). The Genetic Information Non-Discrimination Act, signed into law in May 2008, prohibits discrimination by health insurers and employers based on people’s genetic information. The EEOC is to issue […]
Update Dec. 16: House Passes COBRA Subsidy Extension and Expansion You’re probably well aware by now that the $787 billion economic stimulus package signed by President Barack Obama this week will provide many out-of-work employees and their families with a reduced rate on continuing health care coverage under COBRA. Because the stimulus plan was adopted […]
On Tuesday, President Obama signed the $787 billion American Recovery and Reinvestment Act of 2009. Obama called the package the “first part” of a larger strategy to help give the nation’s economy a boost. While some of the finer details are still being worked out, the package does include benefits that employers and employees alike […]
Both chambers of Congress have approved an economic stimulus package that includes a COBRA subsidy for laid-off workers and other HR-related provisions. President Barack Obama signed the legislation into law today.
Update Dec. 16: House Passes COBRA Subsidy Extension and Expansion Even as President Barack Obama prepares for a trip to Denver Tuesday to sign the American Recovery and Reinvestment Act of 2009, better known as the stimulus package, many are still trying to sort out the bill, which Congress passed last Friday in dizzyingly rapid […]
For the third week in a row, Congress and President Barack Obama have made changes to federal employment laws or regulations. First, it was the Lilly Ledbetter Fair Pay Act. The next week, President Obama signed executive orders affecting federal contractors and unions. And this week brings us the stimulus plan with changes to COBRA […]
Update from HR News: Read the latest news proposals to extend the COBRA subsidy Sandwiched in with all the infrastructure development and green energy provisions of President Barack Obama and the Democrat’s economic stimulus plan are several provisions that affect employee benefits, particularly health benefits. The stimulus bill is called the American Recovery and Reinvestment […]