Fl Risk Blog

Michael Petruccelli says;  With these facts in mind, employers should plan to offer COBRA even after PPAC goes into effect. Employers will likely have to present any/all options to terminating employees.

rate under the same plan).

Michael Petruccelli says; COBRA requires employers to keep records for six years. We recommend that employers keep documentation of COBRA continuants, their related 941 tax reports and any other related COBRA documents or transaction history for six years in accordance with standard COBRA rules.

Michael Petruccelli says; The 65% COBRA subsidy provided under the American Recovery and Reinvestment Act ended as of August 2011. The last eligible COBRA participants would have terminated prior to May 31, 2010, and were elegible for the subsidy for up to 15 months.

Michael Petruccelli says; Yes, in fact you might recall that COBRA was not mentioned in the

PPACA legislation. Continuation coverage will likely become more cumbersome for employers

and carriers under health reform. As individual choices increase, so too will the requirement to

explain coverage options and choices to participants.

Michael Petruccelli says; Maintain a regular daily schedule. Get up and go to be at the same time every day.