COBRA Provisions Q&A and IRS Form 941
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.
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