Updated COBRA information

By now you may have heard that the American Recovery and Reinvestment Act (ARRA) includes major health provisions, which are relevant to any COBRA eligible company that has had or may have employee layoffs.

The U.S. Department of Labor and the Internal Revenue Service have published details about how COBRA subsidies offered in the ARRA will affect employers and employees. As part of TriSure’s effort to keep you well informed about this critical and time-sensitive issue, we are passing along that information.

Updates from the Department of Labor

The Department of Labor has the following resources on its website to explain how the subsidy applies to both employers and workers:

Updates from the Internal Revenue Service

The Internal Revenue Service has added information applicable to employers:

TriSure’s employee benefits professionals have read the law and are available to consult with clients to explain what the rules mean for you. Please call our office at 919.469.2473 for assistance.

The information contained herein is for general reference only. This information is presented, therefore, with the understanding that we are not engaged in rendering legal, accounting or other professional service.