Wednesday, April 01, 2009

IRS releases COBRA / TCC guidance

The Internal Revenue Service has released Notice 2009-27 which provides guidance on the COBRA / TCC premium subsidy authorized by the stimulus law (ARRA). According to Business Insurance, the guidance "resolves numerous questions—such as clarification of situations when laid-off employees are entitled to the subsidy—that employers have been asking since the subsidy legislation was signed into law in February."

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