New guidance from the Internal Revenue Service answers more questions that have been raised about the federal COBRA premium subsidy.Under that subsidy, included as part of a broader economic stimulus bill President Barack Obama signed in February, the federal government pays 65% of COBRA premiums for employees involuntarily terminated from Sept. 1, 2008, through Dec. 31, 2009. The subsidy is available for up to nine months.
IRS releases more guidance on COBRA subsidy
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