Tag Archives: COBRA
More COBRA FAQs
Below are answers to some of our clients’ most frequently asked questions regarding the new COBRA changes: If an employer denies an employee’s request for the premium reduction because the employee was not involuntary terminated, can that employee still appeal? … Continue reading
Filed under Employee Benefits
Featured COBRA FAQs
If an employee resigns are they eligible for the subsidy? No. Only employees who are involuntarily terminated are eligible for the subsidy. If an employee resigns they are not eligible, unless the resignation was at the employer’s direction. For example, … Continue reading
Filed under Employee Benefits
Few Laid-Off Workers Keep Employer-Based Health Insurance
Only about on in 10 workers who lose their job opt to keep their employer-sponsored health insurance through the safety-net probram COBRA. This is most liely because the premiums are too expensive, according to an analysis released recently by the … Continue reading
Filed under Employee Benefits
IRS Information Related to the American Recovery and Reinvestment Act of 2009
Congress has approved and the President has signed new economic recovery legislation, the American Recovery and Reinvestment Act of 2009. The IRS is implementing tax-related provisions of this new program as quickly as possible. Here are some key highlights: COBRA: … Continue reading
Filed under Employee Benefits
COBRA: Answers for Employers
Under the American Recovery and Reinvestment Act of 2009, certain individuals who are eligible for COBRA continuation health coverage, or similar coverage under State law, may receive a subsidy for 65 percent of the premium. These individuals are required to … Continue reading
Filed under Employee Benefits
IRS Employer’s Guide to Claiming Credits for COBRA premiums
IR-2009-15, Feb. 26, 2009 WASHINGTON — The Internal Revenue Service today released new detailed information that will help employers claim credit for the COBRA medical premiums they pay for their former employees. The IRS unveiled new information on this Web … Continue reading
Filed under Employee Benefits
The American Recovery and Reinvestment Act of 2009
Signed into law on February 17, 2009, the bill carried some provisions that are of particular interest to flexible spending account Plan Service Providers. Parking and Transit Plans Parking and Transit plans under IRC Section 132 provide an exclusion from … Continue reading
Filed under Employee Benefits
COBRA provisions within Stimulus Package
In an effort to revitalize our economy, President Obama signed into law a $790 billion economic stimulus package – the American Recovery and Reinvestment Act. This plan combines $281 billion in tax cuts with $311 billion in programs funded by … Continue reading
Filed under Employee Benefits
