New Stimulus Plan Requires Employers to Take Immediate COBRA Action

President Obama recently signed the American Recovery and Reinvestment Act of 2009 (the "Act"), which, among other things, includes provisions that affect and amend the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA").  As a result, employers will immediately face significant new notification and premium payment responsibilities.  Employers and plan administrators must act quickly to implement these requirements, which will require them to locate certain former employees, and coordinate payroll and COBRA administration.  This ALERT is intended to help answer basic questions employers may have regarding this new law.

Click below to download the February 2009 Alert.

For more information regarding this alert, please contact John Potanovic or Suzanne Boy.

Click here to download the document