h�b``0c``������{)*`c� ,..n HfP�� � �����P���Cf�`W`������.��y ̕��w2�� COBRA Election Notice WHAT TO DISTRIBUTE & WHAT TO REPORT general educational purposes only. By continuing to use this site, you agree to our Privacy Policy and End User Terms of Use Just type your email in and receive all of our blog updates in your inbox 0000003310 00000 n
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The minimum tax levied in these cases is usually $2,500, but it often ends up being significantly more than that.Although the requirements seem simple, the specifics can trip some people up. LINKS AND RESOURCES . For example, when counting how many employees that a business has, whether or not it is 20 or more, part-time employees need to be taken into account in a particular way.
Coverage is generally continued for 18-36 months, depending on the circumstances surrounding the change in employment. Labor Compliance Checklist To Help Your Business Ensure It's Up To Code. For example, 18 hours is generally the time frame when the employee is terminated or experiences a reduction in hours that takes him or her below the number necessary to receive health insurance.The penalties for noncompliance with COBRA are significant. For example, the U.S. Department of Labor, working in tandem with the Internal Revenue Service and the Department of Health and Human Services, can assess a COBRA penalty ofNote that the COBRA penalties can be quite significant if the IRS learns that noncompliance continued after the delivery of a notice of examination. Charles DiFalco COBRA Implementation Specialist Ph: (609) 514-0777 Fax: (609) 514-2778 cdifalco@oca125.com www.oca125.com Are you properly administering your Company’s COBRA obligations?
If you’re answer is ‘no’ or ‘not sure’, you can schedule a complimentary consultation with us to learn more about protecting your business against fines and penalties.Do you have your legally required labor posters displayed in a place that is visible to all employees?Do you have properly completed I-9 forms for all employees, filed separately for three years from hire or one year from termination, whichever is longer?Do you have updated Visa expiration data for non-U. If you can answer ‘yes’ to these questions, you’re in excellent shape. 0000010562 00000 n 0000017981 00000 n 0000758498 00000 n In this post, we wanted to provide a refresher on COBRA rules to help you keep on top of current regulations. This category only includes cookies that ensures basic functionalities and security features of the website. 3. 0000797836 00000 n
0000001456 00000 n 0000016237 00000 n It is important to stay vigilant on COBRA news and legislation, have internal procedures to follow, and understand critical timelines as they pertain to employee communications and the involvement of a third party administrator.To help employers avoid fines and maintain a compliant environment, ConnectYourCare has created a complimentary COBRA compliance checklist, constructed straight from the proven practices of our COBRA operations team.Use Our Checklist To Ensure Your Company Is CompliantConnectYourCare has updated our Privacy Policy. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. If legal advice or other professional assistance is or may be required with regard to any issues referenced in these messages, the Those eligible for Medicare are usually not covered, however. %PDF-1.4 %���� If a universal standard for DNT becomes available, we may revisit our DNT Policy.For your convenience, this Website may from time to time include links to third-party sites whose information practices may be different than ours.