We all “know” COBRA but with so many recent updates and changes, this might be a good time for a review.
The American Recovery and Reinvestment Act of 2009 (ARRA) provides reductions for health benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985 commonly called COBRA. Eligible individuals pay only 35 percent of their COBRA premiums; the remaining 65% is reimbursed to the coverage provider through a tax credit. The premium reduction applies to periods of health coverage that began on or after May 31, 2010 and lasts for up to 15 months.
All links and forms are listed below for additional assistance:
FAQs About COBRA Continuation Health Coverage
FMLA and COBRA - The Basics
Revised Form 941
Instructions for Revised Form 941
Other COBRA Resources:
General notice - click here
Election notice – click here
General notice (Spanish) – ModelGeneralNoticeSpanish
Election notice (Spanish) – click here
Early Termination of COBRA Coverage – click here
Unavailability of COBRA Coverage – COBRA_Notice_of_Unavailability_of_Coverage