COBRA Compliance Kit

 

 

Employers must act immediately to change their COBRA policies and procedures in order to comply with the federal stimulus bill, known as the American Recovery and Reinvestment Act of 2009 (ARRA).

Perhaps the biggest change for COBRA is that the federal government is providing a subsidy covering 65% of the COBRA premium for assistance eligible individuals.

 

For most employers, the subsidy rules took effect on March 1. Other changes require attention by April 18 in order to stay in compliance.

 

AHI's Complete COBRA Compliance Kit gives you expert advice on how to handle the changes created by the ARRA and the rest of COBRA's tricky compliance issues including:

• what the payment and reimbursement rules are for the new tax credit
• who is eligible for the new 65% COBRA subsidy and who is not
• what events stop the subsidy before the normal time period of nine months
• what changes employers need to make now to COBRA forms and notification procedures

 

AHI's Complete COBRA Compliance Kit includes:

 

1. A COBRA Compliance Guide that covers all of the various aspects of COBRA... and answers over 120 questions including:

• An employee's ex-wife said we should have provided her with COBRA coverage. He never told us he was divorced. What should we do?
  
  
• How do employers get reimbursed for the 65% of COBRA premiums that are not paid by the employee?
  
  
• Must we provide a separate COBRA notice to every qualified beneficiary?
  
  
• Do we have to offer COBRA coverage to a terminated employee who is covered by her spouse's insurance?

2. CD-ROM Containing:

• COBRA Subsidy Tracking Sheet  — use this Excel sheet to properly calculate and track the tax credit you are taking.
  
  
• COBRA Compliance Documents — all of the COBRA forms and notices you need to be in compliance with COBRA regulations, including:
  
  • Notice To COBRA-Payable Entity Of Qualified Beneficiaries Eligible For COBRA Subsidy
  • Opt-Out Letter For Subsidized COBRA Coverage
  • Model Notice In Connection With Extended Time Periods
  • Supplementary Checklist For COBRA-Subsidy Assistance Eligible Individuals
  • Model General Notice of COBRA Continuation Coverage Rights
  • Model Health Care Continuation Coverage Election Notice Under USERRA
  • Employer/Plan Administrator Notice to Employee of Unavailability of Continuation Coverage
  • Notice from Employer to Employee Regarding Early Termination of Continuation Coverage
  • COBRA Notice Timing/Delivery Chart
  • Checklist of COBRA Notice Requirements

 

3. Subsidy Storage Binder — use this binder to organize and store the mandatory paperwork you need to justify the tax credit you take so that you are prepared in the event of an audit

Make sure your company is up-to-date on COBRA’s requirements.

Order AHI's Complete COBRA Compliance Kit today!