By Mary Ellen Schill
February 27, 2009
Yesterday, we issued a client e-alert regarding the COBRA provisions in the American Recovery and Reinvestment Act of 2009 (“ARRA”). The IRS was busy yesterday as well, issuing Q&As about those COBRA provisions, as well as a revised IRS Form 941. The updated Form 941 is the means by which employers are able to claim reimbursement for the COBRA subsidies provided to “assistance eligible individuals.”
The Q&As provide welcome details on the new COBRA rules, especially the reimbursement process for employers.
The updated Form 941 can be found at: http://www.irs.gov/pub/irs-pdf/f941.pdf
Not to be caught flat footed, the Department of Labor also has posted assistance to employers on its website. Information includes a COBRA Premium Reduction Fact Sheet, sample Job Loss Posters, and updated FAQs for both employees and employers.
If you have questions concerning this e-alert or the COBRA provisions in ARRA., please contact Mary Ellen Schill, the author of this article, or any of the attorneys in the Employment, Benefits & Labor Relations Practice Group of Ruder Ware.
This document provides information of a general nature regarding legislative or other legal developments, and is based on the state of the law at the time of the original publication of this article. None of the information contained herein is intended as legal advice or opinion relative to specific matters, facts, situations, or issues, and additional facts and information or future developments may affect the subjects addressed. You should not act upon the information in this document without discussing your specific situation with legal counsel.
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