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the terminated employee has no other group sponsored health insurance option, and; the terminated employee is otherwise eligible to enroll in COBRA. If the employee has an adjusted gross income in 2009 over $125,000 if filing as single ($250,000 if filing jointly), then the subsidy will be recaptured in a phased manner from the employee through ...
An employer’s group health plan usually qualifies for COBRA only if there are 20 or more employees. However, some states have mini-COBRA laws that mean the plan will qualify for COBRA if there ...
Those of us who have lost a job that included health insurance have had the opportunity to take advantage of the Consolidated Omnibus Budget Reconciliation Act (COBRA), which guarantees the ex ...
If your employer isn't subsidizing health insurance, you may be able to keep your employer-based coverage under the federal law known as COBRA, for a period of time.
The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) provides some employees and beneficiaries with the right to continue their coverage under an employer-sponsored group health benefit plan for a limited time after the occurrence of certain events that would otherwise cause termination of such coverage, such as the loss of ...
[28] [29] [30] Under most plans, the "coverage period" generally ceases upon termination of employment whether initiated by the employee or the employer, unless the employee continues coverage with the company under COBRA or other arrangement. Should an employee have unused contributions in an FSA and no additional qualifying claims during the ...
The Equal Access to COBRA Act was a bill which would amend the Internal Revenue Code, the Employee Retirement Income Security Act of 1974, and the Public Health Service Act to extend COBRA health insurance coverage to qualified beneficiaries, defined to include domestic partners.
Flexible employee benefits: Standard PEO benefits are better than open-market versions but less customizable. Leaving a PEO lets you tailor coverage to your workforce. Leaving a PEO lets you ...