3513 SW H.K. Dodgen Loop

Suite 100

Temple, TX 76502

Office: 254-778-4207

Toll Free: 800-267-6221

Fax: 254-750-8135

225 South Fifth Street

Waco, TX 76701

Office: 254-759-3701

Toll Free: 800-267-6221

Fax: 254-750-8135

 

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Top 10 COBRA Mistakes and How to Avoid Them

The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) requires that employers provide former employees and dependents who lose group health benefits with an opportunity to continue group health insurance coverage for a limited period of time. Compliance with the complex rules regarding COBRA coverage can be difficult and mistakes can be costly. Penalties for non-compliance can include IRS excise taxes and ERISA statutory fines. This article provides practical information and tips for avoiding these... [more]