Wednesday, March 10, 2010

Temporary Extension Act of 2010 Extends the ARRA COBRA Subsidy

For those clients that are required to offer COBRA you may have not yet heard, Congress has agreed to extend the 65% COBRA subsidy to employees who are involuntarily terminated through March 31, 2010. In addition, the below notice highlights other changes including new penalties for non-compliance and a second election period for certain individuals.

Click on the link below for details from our preferred COBRA administrator Ameriflex.

For those clients currently administering COBRA yourself you may want to call IFS about using Ameriflex instead. Our clients receive a discounted rate from Ameriflex and we take no commission on this product - saving you money !


http://trustifs.com/breaking/ben_breaking_news_03092010.html

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