DOL Webcast on COBRA Premium Subsidy
The Department Labor and the IRS are still working hard on creating guidance on implementing the 65% COBRA premium subsidy enacted in the stimulus law. They held a two-hour webcast yesterday for employers, their third-party administrators, and insurance companies. Officials from the Department of Labor, Depart of Treasury, and the IRS presented. Although it's primarily targeted at employers, the webcast can be very helpful for the laid-off employees as well. If you or someone you know are potentially eligible for the COBRA subsidy, watch the webcast.
The webcast archive will be available from now through June 23. It requires registration, but you don't have to give your real personal information. You can just use tfbreader@invalid.com because I registered with that address already. If you don't have two hours for the webcast, read the slides.
The COBRA subsidy is a subsidy paid directly to the employers. It's not taxable to the employees.
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