SCHIP
and COBRA Amendment
There are new laws requiring changes in cafeteria and self-funded plans. To
comply with the provisions of the Children’s Health Insurance Program
Reauthorization Act of 2009 (State Children's Health Insurance Program
(SCHIP)) and the COBRA provisions of the American Recovery and Reinvestment
Act of 2009 (ARRA), plan amendments may be necessary.
The IRS has established
a page that is updated with information on obtaining the COBRA reimbursement
and other related matters--click
here.
The DOL has a page with information and links to various items, including
model notices--click
here.
There is a free amendment for both provisions on the Sungard website--click
here.
Please contact us with any questions.
Wherewithal
is provided by Somerset for our clients and other interested persons
upon request. Since technical information is presented in generalized
fashion, no final conclusion on these topics should be made without
further review. For additional information on the issues, please
contact
a member of the firm. Somerset provides total financial solutions,
including accounting, assurance, information solutions, litigation &
valuation, tax, wealth management and management consulting services to
entrepreneurs and their businesses. This document is not intended or
written to be used, and cannot be used, for the purpose of avoiding tax
penalties that may be imposed on the taxpayer.
Somerset CPAs,
P.C.
3925 River Crossing Parkway, Third Floor
Indianapolis, Indiana 46240
317.472.2200 • 800.469.7206 • FAX 317.208.1200
www.somersetcpas.com
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