Employers who sponsor group health plans must act quickly to prepare for and comply with the health continuation coverage subsidy provisions in the recently enacted American Recovery and Reinvestment Act of 2009 (Act), signed into law by President Barack Obama February 17, 2009. The new continuation coverage requirements will take effect as of the first period of coverage beginning after the February 17, 2009 enactment date – March 1, 2009, for group health plans that process continuation coverage premiums monthly – allowing employers and plan administrators only days to assess and respond to the new law, and begin to implement new procedures.

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Source: Employee Benefits & Executive Compensation Alert
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