• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

More bite to COBRA?

by on
in Office Management,Payroll Management

The U.S. Supreme Court is expected to hand down its decision on the constitutionality of the 2010 health care legislation in June. In the meantime, IRS agents are searching for violations of the COBRA rules. Under the Consolidated Omnibus Budget Reconciliation Act, dating back to 1986, an employer with 20 or more employees must offer continued health insurance coverage to departing employees for at least 18 months after their departure.

Failing to comply with the law results in a penalty of $100 per day. The IRS will focus on ensuring that workers have been properly notified and premiums have been calculated correctly.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/31575/more-bite-to-cobra "

{ 1 comment… read it below or add one }

thadzgonzales May 28, 2012 at 2:24 am

After the recent incident people think the only place an American in USA can be guaranteed appropriate medical care (at the top of the list/front of the line) is in prison but good alernative for now is “Penny Health” check it out

Reply

Leave a Comment