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“What’s in a name?”

It goes by several different names: Specific Rights Notice, Qualifying Event Notice, Election Notice, COBRA Offering Packet and more. Regardless of which name you use, the rules and regulations are the same, and the fines for not following those rules are costly.  A slight misstep can run you up to $200 per day plus damages […]

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COBRA Checklist Audit List

Yikes…did you forget the spouse??

Forgetting a spouse is never a good thing but when it comes to COBRA compliance, it can have legal ramifications. Considering the legal ramifications and that it’s one of the most common COBRA compliance errors made by employers, we figured it was a worthwhile topic.    Today, we’ll touch on the spouse side of the […]

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COBRA Checklist Audit List

“Oops…” Better Call Your Attorney

Q: “I’m only liable to offer COBRA to those employees who quit or are fired, right?” A: Wrong.  This is a common question in the world of COBRA administration. And it’s commonly misunderstood.  There are actually two types of events that qualify for COBRA and each event type is associated with varying amounts of coverage […]

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FSA, COBRA and Rollover: It’s Complicated

FSA, COBRA and Rollover: It’s Complicated We’ve already discussed that Health FSAs are COBRA eligible. If that’s a new topic for you, check out our article.  However, the inner workings of how FSAs and COBRA interact create complications that require detailed clarification.  One such topic is how FSA rollovers impact COBRA premiums.  If it seems […]

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COBRA Checklist Audit List

Are FSA’s a COBRA eligible benefit?

Are FSA’s a COBRA eligible benefit? Let’s take a vote…should you offer COBRA for a Flexible Spending Account (FSA)? A. Yes B. No C. That’s a loaded question! The answer is C, “That’s a loaded question!”. Although commonly overlooked, FSAs are a COBRA eligible benefit.  By definition health FSAs are a Group Health Plan and […]

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