{"id":1277,"date":"2009-07-13T21:58:55","date_gmt":"2009-07-14T01:58:55","guid":{"rendered":"https:\/\/old.visionpayroll.com\/kb\/?p=1277"},"modified":"2009-07-13T21:58:55","modified_gmt":"2009-07-14T01:58:55","slug":"irs-provides-guidance-to-health-plans-for-allocating-cobra-credits","status":"publish","type":"post","link":"https:\/\/old.visionpayroll.com\/kb\/2009\/07\/irs-provides-guidance-to-health-plans-for-allocating-cobra-credits\/","title":{"rendered":"IRS Provides Guidance to Health Plans for Allocating COBRA Credits"},"content":{"rendered":"<p class=\"MsoNormal\" style=\"line-height: 14.25pt; margin: 0in 0in 6pt;\"><span style=\"font-family: Verdana; color: black; font-size: 10pt;\">The <a href=\"http:\/\/www.irs.gov\/\" target=\"_blank\"><span style=\"color: purple; mso-bidi-font-size: 12.0pt;\">Internal Revenue Service (IRS)<\/span><\/a> has released <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2009\/04\/n-09-271.pdf\" target=\"_blank\"><span style=\"color: purple; mso-bidi-font-size: 12.0pt;\">Notice 2009-27, <\/span><\/a><\/span><em style=\"mso-bidi-font-style: normal;\"><span style=\"font-family: Verdana; color: black; font-size: 10pt; mso-bidi-font-size: 12.0pt;\"><a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2009\/04\/n-09-271.pdf\" target=\"_blank\"><span style=\"color: purple;\">Premium assistance for COBRA benefits<\/span><\/a><\/span><\/em><span style=\"font-family: Verdana; color: black; font-size: 10pt;\">. 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 <a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/f941.pdf\" target=\"_blank\"><span style=\"color: purple; mso-bidi-font-size: 12.0pt;\">Form 941<\/span><\/a> to be reimbursed for the assistance provided.<\/span><span style=\"color: black;\"><\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 14.25pt; margin: 0in 0in 0pt;\"><span style=\"font-family: Verdana; color: black; font-size: 10pt;\">In recently issued guidance, the <a href=\"http:\/\/www.irs.gov\/\" target=\"_blank\"><span style=\"color: purple; mso-bidi-font-size: 12.0pt;\">IRS<\/span><\/a> explained that when a group health plan covers employees of two or more unrelated employers, then the credit is attributed to the former employer whose termination of the employee made the employee eligible for the subsidy. Contact <a href=\"mailto:info@visionpayroll.com\" target=\"_blank\"><span style=\"color: purple; mso-bidi-font-size: 12.0pt;\">Vision Payroll<\/span><\/a> if you have any questions on the COBRA premium reduction credit.<\/span><span style=\"color: black;\"><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[795,819,545,548,528,321,842],"_links":{"self":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1277"}],"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=1277"}],"version-history":[{"count":3,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1277\/revisions"}],"predecessor-version":[{"id":1280,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1277\/revisions\/1280"}],"wp:attachment":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/media?parent=1277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/categories?post=1277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/tags?post=1277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}