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Hi, Website Visitor. Here are your Articles for January 12, 2010.
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Dear Ed,
I just wanted to let you know how appreciative I am for the work Debbie Harrison did for Dean College in the implementation of our FSA Debit Cards. We were late in notifying Benefit Concepts that we offering the FSA debit cards. Debbie was very quick to respond to our request and assured us that she would do everything she could to get the cards to our employees in a timely fashion. She was incredibly professional and responsive. It was a pleasure to work with her.
Thank you,
Donna Tetrault
Manager, Human Resources
Dean College
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 Q1: I have heard that the stimulus package enacted in February 2009 included a temporary COBRA premium reduction and that the premium reduction period has now been extended. I would like more information.
A1: COBRA allows certain people to extend employer-provided group health coverage, if they would otherwise lose the coverage due to certain events such as loss of a job. The stimulus package, which was enacted in February 2009 as the American Recovery and Reinvestment Act of 2009 (ARRA), temporarily reduces the premium for COBRA or comparable State continuation coverage for eligible individuals. The Department of Defense Appropriations Act, 2010 (2010 DOD Act) was signed by the President on December 19, 2009. The 2010 DOD Act amended ARRA to extend the period to qualify for the COBRA premium reduction until February 28, 2010 and the maximum period for receiving the subsidy an additional six months (from nine to 15 months).
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Individuals who are eligible for COBRA coverage because of their own or a family member's involuntary termination from employment that occurred during the period from September 1, 2008 through February 28, 2010 and who elect COBRA may be eligible to pay a reduced premium. Eligible individuals pay only 35% of the premium for COBRA coverage under their plans for up to 15 months. This premium reduction is generally available for continuation coverage under the Federal COBRA provisions, as well as for group health insurance coverage under comparable State continuation coverage laws. (See FAQ #10).
Individuals who have reached the end of the original premium reduction period will have additional time to pay extension-related reduced premiums that were due prior to notice being provided.
Click "Full Article" to see all FAQs
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 Benefit Concepts' Total Benefit Administration system, is a state-of-the-art employee/manager self-service solution.
Benefit Concepts can create significant time and cost savings for both large and small employers by relieving the human resources and benefits personnel of many profit-draining, time-consuming duties. At the same time, employees will enjoy streamlined benefit enrollment, convenience and service.
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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Full Newsletter 
Is the recession finally easing? Don't try telling that to struggling business owners and workers who continue to face layoffs and a tight labor market. Fortunately, unemployed people received some good news recently. They may be able to obtain an expanded government subsidy that helps them to keep their health insurance. Here are the details of the COBRA subsidy extension that was signed into law just before the end of last year.
