Morgan Lewis

IRS Issues COBRA Q&As for Stimulus Bill 65% Assistance Payment Provisions

By Employee Benefits Practice

LawFlash/Client Alert

  • published on:

    04/07/2009

  • by:

    Employee Benefits Practice

downloads/links:

pdfView LawFlash
print publication

On March 31, the Internal Revenue Service (IRS) issued Notice 2009-27, which contains 58 detailed questions and answers (Q&As) addressing the COBRA 65% assistance payment provisions enacted as part of the American Recovery and Reinvestment Act of 2009 (ARRA).

The Q&As, which provide written verification of many recent informal comments from IRS representatives, are generally favorable toward assistance-eligible individuals (AEIs) and greatly expand the general understanding of employers regarding the ARRA COBRA provisions.

For the full story, please view the PDF.