Monthly audits of your health insurance bills can avoid lawsuits and COBRA penalties. The new year has started and one of the projects you’ve been given is to audit your health insurance plans to make sure the bills are accurate. After you begin to compare your records against the insurance company records, you discover three […]
COBRA
The Affordable Care Act’s Effect on COBRA
The Affordable Care Act and COBRA Beginning in October, 2013 enrollments in the Insurance Marketplace (State or Federal Exchanges) will begin. Since former employees will now be eligible for coverage under one of the State Insurance Marketplace plans, what happens to COBRA coverage? Does an employer still have to offer COBRA coverage? Will employees […]
HR Q&A: COBRA and PPACA
HR Q & A COBRA and PPACA This week’s question has to do with COBRA and the impact of PPACA. We have received a number of questions on COBRA regarding adult dependents. While the answer seems to be straight forward, some employers and employees are confused by the new regulation’s impact on COBRA. Q. Does […]
Surcharge For State Exchanges
Individuals and their Families could pay Surcharge for State Exchanges According to the HHS Proposed Regulations , the Federal Government is discussing charging a fee to insurance companies who offer products in the State Exchanges where the States have refused to participate. In other words, in the current 17 states that have declined or not […]
PPACA and COBRA
Benefits Review-PPACA and COBRA What Employers need to know Once PPACA is implemented, what happens to COBRA? As employers are waiting for the dust to settle on PPACA, some are wondering how this new law will impact other regulations such as COBRA. If there will be state exchanges, do employers still have to offer COBRA? […]
COBRA Subsidy is Extended Again
COBRA Subsidy is Extended Again As we reported on our previous newsletter, On March 2, 2010 the President signed the Temporary Extension Act of 2010 (H.R. 4691). Section 3 of this act revises the COBRA Premium Subsidy under the American Recovery and Reinvestment Act of 2009 (ARRA). There have been a few more clarifications and […]
Department of Defense Appropriations Act
Subsidy Benefits Review-Department of Defense Appropriations Act Cobra Subsidy Questions and Answers On December 19, 2009 the President signed the Department of Defense Appropriations Act of 2010 (H.R. 3326). Section 1010 of this act revises the COBRA Premium Subsidy under the American Recovery and Reinvestment Act of 2009 (ARRA). The full text of section 1010 […]
Subsidy Extended
COBRA Subsidy Extended Again! On March 2, 2010 the President signed the Temporary Extension Act of 2010 (H.R. 4691). Section 3 of this act revises the COBRA Premium Subsidy under the American Recovery and Reinvestment Act of 2009 (ARRA). Under the revisions: Employees who experience an involuntary termination of employment on or before March […]