One common question regarding COBRA continuation is, “How do I know what the maximum period of coverage should be for my employee?” In this article, we take a closer look at several common extensions of COBRA that can influence the maximum coverage period for certain qualified beneficiaries based on state-specific legislation. Learn More At: https://lnkd.in/gFu6gkuJ #statecontinuation #cobracoverage #maximumcoverage #maximumperiods #hrtips #helpwithcobra #cobrahelp #stateextensionsofcobra #cobraextensions #aca #healthcare #healthinsurance #employerhealthplans #businesstips #humanresources #newyorkinsurance #connecticutinsurance #texasinsurnace #calcobra
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COBRA gives employees and their covered dependents a healthcare option while they seek out a more permanent benefits option. Essentially, it bridges the coverage gap and protects their rights to this continuation coverage. #cobrahelp #cobrarights #ERISA #bridgethegap #coveragegap #grouphealthcoverage #healthcareoptions #employeehealthbenefits
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Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply with reporting deadlines in early 2024. The following employers are subject to ACA reporting under Sections 6055 and 6056: -Employers with self-insured health plans (Section 6055 reporting); and -Applicable large employers (ALEs) with either fully insured or self-insured health plans (Section 6056 reporting). ALEs are employers with 50 or more full-time employees (including full-time equivalent employees) during the preceding calendar year. View the complete list of upcoming reporting deadlines: https://lnkd.in/eQAKRR6B #bolton #health #employeebenefits #deadlines #aca #acareporting #healthplans
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Attention employers! Don't let this deadline sneak up on you! 🗓️ Employers must file their Affordable Care Act (ACA) returns electronically by April 1, 2024! Ensure compliance and avoid penalties by submitting your health plan coverage reports on time. Your employees' well-being is a top priority, and accurate reporting is crucial for providing them with the benefits they deserve. If you need assistance or have questions, our expert team is here to help guide you through the process. Don't wait until the last minute – let's make sure your company is covered! #ACAReporting #InsuranceCompliance #DeadlineAlert
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Prescription spend is accelerating, and it’s impacting self-funded employers everywhere. Here’s what your organization can do about it: https://lnkd.in/gDdwqcdv #HealthcareBenefits #EmployeeBenefits #Benefits #SelfFundedEmployers
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The Affordable Care Act (ACA) requires applicable large employers (ALEs) to offer affordable, minimum-value health coverage to their full-time employees (and dependents) or risk paying a penalty to the IRS. This employer mandate is also known as the “pay-or-play” rules. An ALE is an employer with at least 50 full-time employees, including full-time equivalent employees, during the preceding calendar year...
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It's almost time for your ACA filings as the March deadline approaches. Our subject matter expert on ERISA and legal compliance, Liliana Salazar speaks in the attached article. It's must read for employers with 50 or more employees. #healthcare #employeebenefits #healthplans #aca #acacompliance #hubinternational
Liliana Salazar, Chief Compliance Officer Western Region, HUB International contributed an article "2024 Employer Mandates: Navigating TIDE in Health Plan Administration" Returns must be distributed to employees and covered participants by March 1, 2024, and e-filed with the IRS by April 1, 2024. Paper filings will only be allowed for plans filing ten returns or fewer. says Liliana Salazar Read More: https://lnkd.in/gXCCdYuq #healthcare #employeebenefits #healthplans
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Knock-knock, it's the new ACA guidelines you ordered 🥲 We know how these changes can impact employee eligibility, especially for self-funded employers Let’s say your client is worried about the administrative burden of compliance and potential penalties for non-compliance Let’s also say the change affects the affordability standard 📉 But here’s the opportunity: by guiding employees toward lower-cost, high-quality providers through steerage, you can help meet these changes head on As long as employees maintain access to essential, affordable healthcare, including life saving medications, you can stay compliant while keeping your client's costs on track #aca #compliance #benefits #healthcare
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A new budget proposal doesn't urge the repeal of the Affordable Care Act, but it does propose repealing all its tax increases. https://bit.ly/3VAKU7k We discuss the highlights from the proposal, and how it may impact law and policy around health and benefits. #health #benefits #healthcare
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A new budget proposal doesn't urge the repeal of the Affordable Care Act, but it does propose repealing all its tax increases. We discuss the highlights from the proposal, and how it may impact law and policy around health and benefits. #health #benefits #healthcare
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Starting January 1, 2025, the affordability percentage will be 9.02%, up from 8.39% in 2024. This adjustment means employers may need to revise employee contributions to stay compliant with the ACA's affordability requirements. For details, check out the full IRS notice here: https://lnkd.in/emp4WMRh #ACA #affordability #HealthReform #HealthCare #IRS #EmployeeBenefits #HealthInsurance #EmployerMandate #AffordableCareAct #ACACompliance #MedcomBenefitSolutions
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