{"id":1176,"date":"2009-06-20T15:50:47","date_gmt":"2009-06-20T19:50:47","guid":{"rendered":"https:\/\/old.visionpayroll.com\/kb\/?p=1176"},"modified":"2009-06-20T15:50:47","modified_gmt":"2009-06-20T19:50:47","slug":"irs-provides-guidance-on-elected-officials-eligibility-for-premium-subsidy","status":"publish","type":"post","link":"https:\/\/old.visionpayroll.com\/kb\/2009\/06\/irs-provides-guidance-on-elected-officials-eligibility-for-premium-subsidy\/","title":{"rendered":"IRS Provides Guidance on Elected Officials Eligibility for Premium Subsidy"},"content":{"rendered":"

The Internal Revenue Service (IRS)<\/span><\/span><\/span><\/a> has released Notice 2009-27, <\/span><\/span><\/span><\/a><\/span>Premium assistance for COBRA benefit<\/span>s<\/span><\/span><\/a><\/span><\/span><\/em>. Pursuant to the American Recovery and Reinvestment Act of 2009 or ARRA, certain involuntarily terminated employees are eligible for employer-provided subsidies to help pay for their Consolidated Omnibus Budget Reconciliation Act (COBRA) continuation coverage. Employers may then claim a payroll tax credit on their Form 941<\/span><\/span><\/span><\/a> to be reimbursed for the assistance provided.<\/span><\/span><\/span><\/p>\n

In recently issued guidance, the IRS<\/span><\/span><\/span><\/a> reviewed elected officials eligibility for the premium subsidy. The important distinction is whether or not the elected official is considered involuntarily terminated. The IRS<\/a> considered three situations, as follows:<\/span><\/span><\/span><\/p>\n

    \n
  1. \n
    An elected official who runs for reelection, but is not reelected is considered involuntarily terminated.<\/span><\/div>\n<\/li>\n
  2. \n
    An elected official prohibited by term limits from running for reelection is considered involuntarily terminated.<\/span><\/div>\n<\/li>\n
  3. \n
    An elected official who does not run for reelection, but is eligible to do so, is not considered involuntarily terminated, even if the elected official did not run due to illness.<\/span><\/div>\n<\/li>\n<\/ol>\n

    Contact Vision Payroll<\/span><\/span><\/span><\/a> if you have any questions on the COBRA premium reduction credit.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

    The Internal Revenue Service (IRS) has released Notice 2009-27, Premium assistance for COBRA benefits. Pursuant to the American Recovery and Reinvestment Act of 2009 or ARRA, certain involuntarily terminated employees are eligible for employer-provided subsidies to help pay for their Consolidated Omnibus Budget Reconciliation Act (COBRA) continuation coverage. Employers may then claim a payroll tax […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[795,819,545,548,944,321,847,842],"_links":{"self":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1176"}],"collection":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/comments?post=1176"}],"version-history":[{"count":3,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1176\/revisions"}],"predecessor-version":[{"id":1187,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1176\/revisions\/1187"}],"wp:attachment":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/media?parent=1176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/categories?post=1176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/tags?post=1176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}