UnitedHealthcare Provides COBRA ARRA Subsidy Payment Report

In order to assist employers with claiming reimbursements related to the new COBRA subsidy, UnitedHealthcare is providing a COBRA ARRA Subsidy Payment Report during the first week of each month for employers to download at uhcservices.com. This report, which is available only to groups who use UHC to administer COBRA, will provide specific information related to assistance eligible individuals who have paid a reduced premium amount. It will also assist employers with IRS reporting requirements to secure eligible tax credit reimbursements.

As part of the American Recovery and Reinvestment Act of 2009, employers may be reimbursed for premium assistance after the reduced COBRA premiums have been paid and received. In addition, employers may also claim reimbursement for premium assistance as a credit on IRS Form 941. This report will offer information to help employers facilitate those claims and substantiate payment information.

For further information on the COBRA ARRA subsidy, additional resources are available at the IRS website. Should you have any additional questions, please contact our office at 919-403-1986.

Important Notice: Hill, Chesson & Woody does not engage in the practice of law, accounting, or medicine. Therefore, the contents of this communication should not be regarded as a substitute for legal, tax, or medical advice.

July 22, 2009

Hill, Chesson & Woody
Employee Benefit Services

194 Finley Golf Course Road, Suite 200,
Chapel Hill, NC 27517
Phone: 919.403.1986
Fax: 919.869-2063

www.hcwbenefits.com