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Still have Questions regarding COBRA?

Monday, June 15th, 2009

I found  this IRS web page for some Q&A I hope it is helpful to you.

http://www.irs.gov/newsroom/article/0,,id=204708,00.html

Cobra Laws

Tuesday, June 9th, 2009

Did you know that PA could have our own “mini COBRA plans” here are some of the details taken from HRS/TND Associates newsletter. Look for information regarding a seminar coming up in July regarding HR issues sponsored by ARS Solutions and HRS/TND Associates. Below are some of the highlights of the new bill.

  • Requires employers who employ 2-19 employees and offers health insurance to offerOnly applies to Medical Plans (does not include HRAs, FSAs, dental, or vision)
  • To be eligible, an employee must have been on the employer’s insurance for at
  • COBRA qualifying events remain the same as those under Federal regulations
  • Eligible for COBRA coverage lasting up to 9 months
  • Employers (or their designated administrator) are responsible for notification to eligible
  • Assistance Eligible Individuals are included in State COBRA
  • Employers may charge up to 105% of the medical premium
  • Timeline for getting out notices differs from federal COBRA
  • So are you ready? If not what are you as an employer or HR person going to do?
  • Share with us some of your ideas or frustrations over this intrusion into our business.