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Approved Stimulus Bill with COBRA Provisions
posted 02.25.2009
The American Recovery and Reinvestment Act of 2009 (Act) was signed by President Obama on February 17, 2009 and will go into effect March 1, 2009. The Act allows certain eligible individuals to apply for premium assistance to offset the cost of COBRA continuation coverage for a maximum of 9 months.
Click here to read complete highlights of the COBRA provisions.
This communication is provided as a service to clients of Acclaim Benefits. The information detailed in this communication represents a general summary of benefit issues and is not intended or offered as legal advice or opinion. Acclaim Benefits recommends that clients confer with independent legal counsel before taking any action relating to the issues discussed in this communication.
Previous Industry Updates:
Deadline Extended for Debit Card Substantiation Requirements (December 2008)
Three-Cent Decrease in 2009 Mileage Rate (December 2008)
IRS Announces Standard Mileage Rate Increase (July 2008)