Department of Labor Issues New Model COBRA Notices
By Elizabeth J. Deckman, Jeff Belfiglio, Stuart Harris and Holly Wylam Klein
On March 19, 2009, the Department of Labor issued four new model COBRA notices designed to help employers satisfy their new COBRA notice obligations under the American Recovery and Reinvestment Act. Under the Act, certain persons who lost health care coverage as a result of an involuntary termination of employment are entitled to a subsidy of 65 percent of the employee's cost of COBRA coverage.
(For more information regarding the Act and the COBRA subsidy, please refer to our Feb. 24, 2009, advisory bulletin, “New COBRA Rules Require Prompt Action.” In addition, for your convenience, we've included a sound file of a Davis Wright Tremaine teleseminar, “How Will New COBRA Rules Affect You?” held on March 12, 2009.) Continue reading...
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