Q. Is North Carolina providing a subsidy for health care continuation for employers with fewer than 20 employees similar to the federal subsidy contained in the new economic stimulus law?
A. No, but a subsidy is available. North Carolina has not passed a law similar to the federal American Recovery and Reinvestment Act (ARRA) of 2009.
However, the ARRA—which amends COBRA law to provide a subsidy for COBRA premiums through the end of 2009—also applies to state laws affecting continuation coverage.
Although the regulations providing guidance on this new federal law are not final, it is likely there will be a subsidy available for employees who continue group health insurance under a policy subject to the North Carolina continuation law.
For the latest information on the HR implications of the ARRA, visit www.theHRSpecialist.com/stimulus.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/9128/is-there-a-state-health-continuation-subsidy "