Regional Vice President of Sales The Retirement Plan Company
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Compass
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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Text of DOL Announcement of Model COBRA Notices, Revised to Reflect March 2, 2010 Extension and Changes
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] [Official Guidance] Mar. 22, 2010
3 pages. Excerpt: In an effort to ensure that the notices include all of the information required under ARRA, as amended, while minimizing the burden imposed on group health plans and issuers, the Department has created several packages. As with those models previously developed by the Department, each of the new packages is designed for a particular group of qualified beneficiaries, and contains all of the information needed to satisfy the content requirements for ARRA's new and amended notice provisions. The packages include the following disclosures: [1] A summary of ARRA's premium reduction provisions. [2] A form to request the premium reduction. [3] A form for plans (or issuers) that permit qualified beneficiaries to switch coverage options to use to satisfy ARRA's requirement to give notice of this option. [4] A form for an individual to use to satisfy ARRA's requirement to notify the plan (or issuer) that the individual is eligible for other group health plan coverage or Medicare. [5] COBRA election forms and information, as appropriate.
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