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INSURANCE AND BENEFITS MANAGEMENT
INTERNATIONAL EMPLOYEE BENEFITS |
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Continuation Coverage Assistance under
The American Recovery and Reinvestment
Act (COBRA)
The American
Recovery and Reinvestment Act of 2009
(ARRA) provides for premium reductions
and additional election opportunities
for health benefits under the
Consolidated Omnibus Budget
Reconciliation Act of 1985, commonly
called COBRA. Eligible individuals pay
only 35 percent of their COBRA premiums
and the remaining 65 percent is
reimbursed to the coverage provider
through a tax credit. The premium
reduction applies to periods of health
coverage beginning on or after February
17, 2009 and lasts for up to nine
months.
Please find below relevant information
relating to COBRA which may be
beneficial to you.
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