Employers should review their COBRA notices to make sure they are compliant with current law. Last fall, the government issued modifications to the Trade Adjustment Act which resulted in modifications to the advance payment available to certain individuals who become eligible for trade adjustment assistance and for certain retired employees who are receiving pension payments from the Pension Benefit Guaranty Corporation. The COBRA qualifying event notice may include a reference to the TAA, and employers may wish to confirm that all references are current. Similarly, a reference to the premium reduction available under the American Recovery and Reinvestment Act of 2009 may be removed from the COBRA notice for most qualifying events.
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