Businesses with group health plans that must offer COBRA have until tomorrow to provide notice of the temporary subsidy to involuntarily terminated and reduced-hour workers. This means eligible individuals who opt for COBRA get it free from April 1, 2021, through September 30, 2021 (with a refund of any previously paid premiums for this period); employer pay the premiums via employment tax credits. Some individuals who failed to elect COBRA can still do so. Find model notices from the DOL. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
Footer
Yale psychologist: The No. 1 skill that the most creative and successful people have—'it's their superpower'