Employee Benefit Guidance & Compliance Solutions

COBRA

Changing Furloughs into Layoffs? Do it properly!

Posted by on December 18, 2020 in COBRA, Human Resources

Employers that are looking to change furloughs into permanent layoffs need to be sure that they are doing so in accordance with regulations set by COBRA and the Worker Adjustment and Retraining Notification (WARN) act. It is important to stay in compliance with the WARN Act and COBRA to ensure your security from fees! When the WARN Act Applies: The WARN Act requires covered employers to provide at least 60 calendar days’ advance written notice of a worksite closing affecting 50 or more employees, or a mass layoff affecting at least 50 employees and one-third of the worksite’s total workforce or 500 or more employees at a single employment site during any 90-day period. An employment loss is defined as a situation where an employee: Is terminated, other than a discharge for cause, voluntary departure, or retirement. Has been laid off for more than six months. Suffers a reduction in...

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COVID-19 and COBRA: What does it mean?

Posted by on November 19, 2020 in COBRA, Human Resources

Confused? Many employers are becoming confused amidst the COVID-19 extensions and COBRA deadlines. We are seeing a changing workforce, along with a spike in retirement, layoffs, and furloughs. These events are causing employers to be met with COBRA rules more than ever. If you are confused, don’t worry! We outlined the rules in the following posting and we are always just a click away. COVID-19 and COBRA: The Rules The Federal government has extended certain COBRA deadlines for both group health plans and their plan members due to the current pandemic. These extensions were in response to the national emergency with respect to the coronavirus (COVID19) outbreak (“National Emergency”). The government has provided that the period starting March 1, 2020, and ending 60 days after the announced end of the National Emergency is the “Outbreak Period”. The government has not yet identified the end date of the National Emergency,...

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Everything to know about COBRA Compliance

Posted by on October 28, 2020 in COBRA

COBRA compliance is a complex process in which many businesses struggle. Many companies are intimidated by the intensive manuals and the strict timelines that come with COBRA compliance. The most effective tool while proceeding with COBRA compliance is knowledge and understanding of the process. In this post, we wanted to lay out the ground rules and basics for COBRA compliance. But, of course, you can streamline the process by contacting us for a COBRA administration consultation that would take care of everything for you! The Basics If you are an employer that holds over 20 employees, federal law requires, and some states as well, that you continue medical care coverage to employees that have separated from the company. There are however a number of things that must be considered to determine who is eligible and what they are to receive exactly. COBRA stands for the Consolidated Omnibus Budget Reconciliation...

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