Employers everywhere must prepare ASAP for the COBRA subsidy. To stay in compliance, employers will need to facilitate a 102% COBRA premium subsidy for eligible former employees, as well as provide all applicable notices. HR and payroll experts warn employers to prioritize compliance with this COBRA premium subsidy, because penalty fines will be steep. Read the article to:
• Get answers to common questions about subsidized COBRA coverage from MP’s HR services experts
• Find out how employers will be fined for noncompliance with the program
• Learn who your team must send notices to
Read the article.
COBRA
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COBRA Subsidy: Alerts and FAQs for Employers
Employers everywhere need to prepare for the COBRA subsidy ASAP. Beyond facilitating a 102% COBRA premium subsidy for eligible former employees, they will also need to provide all applicable notices. HR and payroll experts warn that employers should not ignore this COBRA premium subsidy or its notice requirements. Fines will be steep for those that are not in compliance. Read the article to:
Get the answers to your questions about who will be eligible for the COBRA subsidy
Learn how to stay in compliance and avoid hefty fines
Find out how employers will fund and be reimbursed for this program
Read the article.
Alert: Model Notices for the COBRA Subsidy Have Been Released
The Department of Labor (DOL) has released model notices that employers can use to alert their former staff about the COBRA subsidy for 2021. From April 1, 2021 to September 30, 2021, any employers subject to COBRA laws will need to offer a 100% COBRA subsidy to eligible former employees for up to a six-month period. HR and payroll experts at MP suggest that employers send out notices about the 2021 COBRA subsidy ASAP. Read the article to:
Get tips from MP’s HR services on how employers can stay in compliance
Learn where the model notices are and who employers must send them to
Find out which former employees may qualify for subsidized COBRA coverage
Read the article.
The COBRA Subsidy: 5 Things Employers Need to Know
Beginning on April 1, 2021 and extending to September 30, 2021, any employers subject to COBRA laws will need to offer a 100% COBRA subsidy to eligible former employees for up to six months. HR and payroll companies suggest that employers prepare for the 2021 COBRA subsidy ASAP. Read the article to:
Learn what MP’s HR services advise that employers need to do to stay in compliance
Find out which workers will qualify for subsidized COBRA coverage
Determine what steps you need to take ASAP
Read the article.
