How does the American Recovery and Reinvestment Act of 2009 (ARRA) affect my COBRA benefits?
The American Recovery and Reinvestment Act of 2009 (ARRA) provides for premium reductions and additional election opportunities for health benefits under 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 9 months.
Related Questions
- Where can I find information regarding new benefits available under the American Reinvestment and Recovery Act (ARRA or Stimulus Act)?
- What are some of the changes to the HCTC included in the 2009 American Recovery and Reinvestment Act (ARRA)?
- How does the American Recovery and Reinvestment Act of 2009 (ARRA) affect my COBRA benefits?
