We are hearing rumblings that the Department of Labor (DoL) MIGHT take the position that former employees who are Assitance Eligible Individuals have to affirmatively elect to receive the premium subsidy under ARRA; that is, the premium subsidy may not have to be provided by the employer automatically. The current reading of the statute [...]
Filed under: Uncategorized | 2 Comments »
Today, at 4:55 PM, BAS/CCS emailed the following notice to all of their COBRA Administration clients and those clients’ insurance agents/brokers of record: We are pleased to inform you that we have implemented a new version of our COBRA Qualifying Event Notice (QEN) that provides the American Recovery and Reinvestment Act of 2009 (ARRA) required [...]
Filed under: Uncategorized | Leave a Comment »
U.S. Department of Labor Employee Benefits Security Administration February 26, 2009 The American Recovery and Reinvestment Act of 2009 (ARRA) provides for premium reductions and additional election opportunities 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 and the [...]
Filed under: Uncategorized | 5 Comments »
The ARRA makes substantial, but temporary, changes to the rules governing the continuation of health coverage under COBRA and a number of other modifications affecting welfare benefit plans. BAS/CCS is working quickly to incorporate these changes into its processing, notification, billing, remittance, and reporting services.
Filed under: Administration, American Recovery and Reinvestment Act of 2009, COBRA, Economic Stimulus, Legislation, Notices, Regulations, Uncategorized | 1 Comment »
We’ve have the final text of the Economic Stimulus Bill. Read this remarkable piece of legislation for yourself – Go to text Let us know what your think. We will be distributing our summary of this Bill’s affect on COBRA, as we prepare to assist our clients with complete services for notices, premium billing, premium [...]
Filed under: COBRA, Economic Stimulus, Legislation, Regulations, Uncategorized | Leave a Comment »
We have been hearing from our client employers about the potential changes to COBRA administration resulting from the pending Economic Stimulus Bill and related proposed legislations ( Go to H.R. 589 ). Importantly, we have been following all COBRA-related proposals carefully. Though we expect changes to H.R. 598 by the time it becomes law, we would [...]
Filed under: Uncategorized | Leave a Comment »
