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IRS releases COBRA guide

The American Recovery and Reinvestment Act of 2009 carries a lot of changes for employers, not the least are changes to COBRA coverage. Under the new law, eligible employees who were enrolled in their employers' health plans when they lost

By Danielle Andrus | Updated on February 26, 2009

The American Recovery and Reinvestment Act of 2009 carries a lot of changes for employers, not the least are changes to COBRA coverage. Under the new law, eligible employees who were enrolled in their employers’ health plans when they lost their jobs will be able to receive COBRA coverage, but are required to pay only 35 percent of the premium. Employers can redeem the remaining 65 percent in the form of a tax credit on their quarterly payroll tax return.

From the IRS Web site:

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