Broad COBRA Changes in 2009 Stimulus Bill — What Should You Be Doing Now?
The American Recovery and Reinvestment Act of 2009 (the "Act") was signed by President Obama on February 17, 2009. This Act includes several significant changes to COBRA that employers will need to address. The most immediate and notable impact will be a significant reduction in the COBRA premiums paid by certain employees whose employment is involuntarily terminated. This alert discusses the impact of these changes on employers and outlines what you should do now to comply with this new law.