The U.S. Department of Labor on March 19, 2009, issued model notices and revised FAQs related to the COBRA premium assistance subsidy available to qualifying individuals under the American Recovery and Reinvestment Act of 2009 (ARRA). ARRA provides for temporary premium assistance, for a period of up to nine months, toward the cost of COBRA and state law continuation coverage for eligible individuals who are involuntarily terminated from employment during the period from September 1, 2008, through December 31, 2009.

Source: Employee Benefits & Executive Compensation Alert
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