On December 21, 2009, President Barak Obama signed a bill that will extend the original federal COBRA subsidy created by the American Recovery and Reinvestment Act of 2009 (ARRA), which was enacted in February 2009.

ARRA, as amended by the Department of Defense Appropriation Act, 2010 (2010 DoDAA), mandates that plans notify certain current and former participants and beneficiaries about the premium reduction.

WHAT THIS MEANS TO YOU AS AN EMPLOYER?
The Department of Labor EBSA created model notices to help plans and individuals comply with these requirements. Each model notice is designed for a particular group of qualified beneficiaries and contains information to help satisfy ARRA's notice provisions, including those added by the 2010 DoDAA.

WHAT SHOULD I DO NEXT?
CLICK HERE to access the sample notices.

If you have any additional questions regarding the information within this eCommunication, please call Corporate Synergies at 1.866.CSG.1719 or CLICK HERE to contact us today.

Corporate Synergies is pleased to provide regular updates on issues affecting group benefits insurance. As an insurance broker and consultant, Corporate Synergies monitors federal and state legislative and regulatory activity to ensure that you stay informed.