With our economy ever in flux, it’s not unusual for a small business to be juggling several COBRA participants at any given time. As your HR department has probably surmised by now, communicating with former employees and retirees is not the easiest task - and getting them to make their COBRA payments in a timely manner can be especially time consuming.
Tags: cobra administration, cobra administrator, COBRA guidelines, COBRA outsourcing, COBRA benefit, COBRA payment collection, COBRA best practice
No business hangs out the “Yes, We’re Open for Business” sign thinking that one day it would eventually be closing the doors for good. But in a slow-to-recover economy, small businesses are faced with difficult challenges, and the decision to close the doors is sometimes one of them.
Tags: cobra administrator, COBRA guidelines, cobra benefits, COBRA benefit, COBRA option
It hasn’t been widely published, but in addition to complying with federal COBRA requirements, all employers need to be aware of their state COBRA compliance requirements, often known as mini COBRA laws. Did you know that in many states, there are new requirements impacting employers with fewer than 20 employees?
One of the qualifying events for COBRA is the divorce or legal separation of a covered employee. When love goes wrong and a newly-divorced spouse loses coverage, he or she may be entitled to benefits under COBRA. Seems straight-forward, but here’s the problem: COBRA coverage can be expensive and often the still-insured spouse is ordered to pay for this coverage as part of the divorce settlement.
With W2 season upon us, a few of you might be looking for some COBRA guidelines about how to report the value of health coverage on your W-2 forms.
Tags: COBRA guidelines
