FAQ: When Should I Sign Up For COBRA, Part 3
One of the most often asked I get during COBRABusters workshops is if someone should wait until close to the 60 day deadline to make a decistion about COBRA coverage. There are three important reasons why you shouldn’t delay. Each reason is an opportunity cost. This post deals with the third and most costly reason and opportunity cost. If you have not already done so, you can read here the posts about the first reason here and the second... [Read More...]
FAQ: When Should I Sign Up For COBRA, Part 2
One of the most often asked I get during COBRABusters workshops is if someone should wait until close to the 60 day deadline to make a decistion about COBRA coverage. There are three important reasons why you shouldn’t delay. Each reason is an opportunity cost. This post deals with the second costly reason and opportunity cost. If you did not read the post about the first reason, you can find it here. The second reason is this: Chances... [Read More...]
FAQ: When Should I Sign Up For COBRA, Part 1
One of the most often asked I get during COBRABusters workshops is if someone should wait until close to the 60 day deadline to make a decistion about COBRA coverage. There are three important reasons why you shouldn’t delay. Each reason is an opportunity cost. This post deals with the first and least costly reason and opportunity cost. Technically, if your coverage expires on your termination date, you already have a gap in coverage from... [Read More...]
How & Where to Appeal if You’ve Been Turned Down for the ARRA COBRA Subsidy and State Continuation Subsidy
The Department of Labor have created a nifty web page where individuals can appeal if they feel they have been unfairly turned down for the ARRA COBRA and State Continuation 65% premium subsidy. You can file an online appeal directly to the Department of Labor (the fastest way), or you can fax or snail mail a written appeal if you use the DOL appeals form located here. The above webpage also gives some great guidance to help individuals to... [Read More...]
IRS Publishes 58 new COBRA Subsidy FAQs
You really gotta love the federal government for trying to “clarify” what they intended with American Recovery and Reinvestment Act (ARRA). The IRS has posted 58 new FAQs on their website that hopefully will clarify earlier clarifications. Here’s the link to the information: http://www.irs.gov/pub/irs-drop/n-09-27.pdf Mike Chapman Read More →
Department of Labor COBRA Website, and the American Recovery and Reinvestment Act of 2009
The Department of Labor is required to issue guidelines the week of March 16th on how employers, insurance carriers and COBRA administrators should implement the COBRA subsidy for involuntarily terminated employees. From what I’ve read, this is not going to be easy on employers, and there are specific guidelines that must be followed for employers to locate, contact, and advise terminated employees of their right to apply for COBRA and... [Read More...]
Listen to replay of COBRA and Economic REcovery Act of 2009
Here’s the information to listen to the March 25th recording of the Telseminar on the COBRA subsidy contained in the Economic Stimulus Act of 2009. Unfortunately, I have been unable to get a clean quality mp3 of this teleseminar, but you can listen to the replay by calling 712-432-1080, and then entering the listener access code 688338#. If anyone reading this post is able to convert this recording into a quality mp3 recording, I’ll... [Read More...]
Teleseminar Details to Discuss Impact on Job Seekers of the Economic Stimulus Act
I’m conducting teleseminars in the evening on Tuesday Feb. 24 and Wednesday Feb. 25 to discuss the impact of the Economic Stimulus and Recovery Act upon job seekers. We will discuss the COBRA subsidy and the favorable tax treatment of unemployment benefits that are part of this law. Sign up for the COBRABusters.com newsletter to get the teleseminar details. Each Teleseminar will hold 100 people, but cach call will be recorded and posted... [Read More...]
The Economic Stimulus and Recovery Act and YOU!
Economic Stimulus & Recovery Act and YOU The Economic Stimulus and Recovery ACT that was signed into law on February 17th contains provisions that impact virtually every citizen and every business in the country. Many of the details and specifics in the bill are unclear or have not yet been worked out. There are numerous questions about how this new law affects job seekers who have been involuntarily terminated. Specifically, employees... [Read More...]
