COBRA Changes due to the American Recovery and Reinvestment Act of 2009
Houston, TX - February 19, 2009 - Travis Software Corp., a market leader of Advanced Employee Benefits Software Administration, announced today the changes being made to the TravisCobra and WebCOBRA systems in compliance with the American Recovery and Reinvestment Act of 2009, ARRA.
Due to the recently passed ARRA, Travis is working hard to ensure that the TravisCobra and WebCOBRA systems are in full compliance of the new COBRA regulations. Some of the changes you can expect include:
Subsidy calculation of 65%.
Report that will summarize the Premium Subsidies.
New Notification Letter and Re-Enrollment Form with a disclaimer of, while the QB can apply for the subsidized benefits based on their belief that they were involuntarily terminated, they understand that the IRS will reclaim the subsidy from the QB if they accept the subsidy and it later turns out their income was higher than the threshold levels.
Adding a "check-box" to the QB's record to denote them as "Involuntarily Terminated and Eligible for Subsidy."
For more information regarding the changes to the TravisCobra and WebCOBRA systems, please visit the Travis Blog at http://blog.travisoft.comhttp://blog.travisoft.com.
About Travis Software Corp.
Travis Software Corp., based in Houston, Texas, was founded in June 1986, shortly after the enactment of the Consolidated Omnibus Budget Reconciliation Act of 1985, COBRA, which mandated group health continuation for the first time and created the market opportunity for the company's COBRA administration software system, TravisCobra, and its Web-based system for COBRA, WebCOBRA.com.
Trademarks
WebCOBRA.com is a trademark of Travis Software Corp. Microsoft and SQL Server are registered trademarks of Microsoft Corporation in the United States and/or other countries.
For more information about the WebCOBRA.com Summer '08 release, or any other products that Travis Software provides, please contact Travis Marketing at (281) 496-3737, email Travis Software at marketing@travisoft.com or visit Travis Software at www.travisoft.com.