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Update. Not a good one.
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<blockquote data-quote="Marcie Mac" data-source="post: 297486" data-attributes="member: 47"><p>As far as the medical goes, assuming he will be offered Cobra:</p><p> </p><p>The American Recovery and Reinvestment Tax Act of 2009 (the "Act") was signed into law on February 17, 2009. This new law dramatically affects employers whose group health plans are subject to <a href="http://humanresources.about.com/od/glossaryc/g/cobra.htm" target="_blank"><u><span style="color: #0000ff">COBRA</span></u></a>, which includes virtually all employers who employed 20 or more employees on 50&#37; of its typical business days during the preceding calendar year.</p><p>As an employer who is potentially impacted by this legislation, prompt attention must be paid to the substantial requirements under the Act and its affect on COBRA. Specifically, the Act provides a 65% government subsidy toward COBRA coverage to employees who are <em>involuntarily terminated</em> between September 1, 2008 and December 31, 2009, as well as their family members who are eligible for COBRA due to such termination</p><p> </p><p>I want to say this is in place for a 9 month term - check with their HR people who a LOT of times don't say anything about this new Cobra rule.</p><p> </p><p>Marcie</p></blockquote><p></p>
[QUOTE="Marcie Mac, post: 297486, member: 47"] As far as the medical goes, assuming he will be offered Cobra: The American Recovery and Reinvestment Tax Act of 2009 (the "Act") was signed into law on February 17, 2009. This new law dramatically affects employers whose group health plans are subject to [URL="http://humanresources.about.com/od/glossaryc/g/cobra.htm"][U][COLOR=#0000ff]COBRA[/COLOR][/U][/URL], which includes virtually all employers who employed 20 or more employees on 50% of its typical business days during the preceding calendar year. As an employer who is potentially impacted by this legislation, prompt attention must be paid to the substantial requirements under the Act and its affect on COBRA. Specifically, the Act provides a 65% government subsidy toward COBRA coverage to employees who are [I]involuntarily terminated[/I] between September 1, 2008 and December 31, 2009, as well as their family members who are eligible for COBRA due to such termination I want to say this is in place for a 9 month term - check with their HR people who a LOT of times don't say anything about this new Cobra rule. Marcie [/QUOTE]
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