COBRA Health Insurance Continuation Premium Subsidy information on the IRS website.
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On Feb. 4, 2009, the Children’s Health Insurance Program
Reauthorization Act of 2009 (CHIPRA) was signed into law by the president.
CHIPRA extends and expands the State Children’s Health Insurance Program and
applies to both small and large-group medical coverage for fully insured and
self-insured group health plans. Health Flexible Spending Accounts (FSA) and
High Deductible Health Plans (HDHP) are not eligible because they are not
considered qualified employer-sponsored coverage.
The most significant impact to Humana is the special
enrollment change, which is effective April 1, 2009.
Go
here to learn more about CHIPRA
In addition, under The American Recovery & Reinvestment Act
of 2009 (ARRA 2009), new and temporary COBRA regulations were recently issued
for employers administering employee health insurance benefits under the federal
COBRA legislation.
Ceridian created a Website specifically
designed for the COBRA stimulus portion of ARRA for employer groups. It includes
a Frequently Asked Questions document that has been sent to Humana employer
groups for which Ceridian administers COBRA. The Website address is:
www.ceridian.com/myceridian/client-support/compliance/arra-er.html
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