))
COBRA Compliance
Manage episode 382776865 series 2854501
Content provided by Ajay Saini. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ajay Saini or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
COBRA compliance: Yvonne described the COBRA compliance requirements and also the best practices for the employers. Do you have 20+ employees with group health plans? If yes, then Yvonne mentioned that there are federal and state penalties for non-compliance. Beyond the fines, non-compliance can lead to civil penalties that may make your company liable for medical payments, legal fees, and more. She suggests that the best time to discuss implementation of COBRA plan is at the time of setting up a group health plan because waiting till a qualifying event happens would result in panic for the business.
67 episodes
Share
