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Barbara Weltman

Big Ideas for Small Business, Inc.

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Tomorrow Is Deadline for COBRA Assistance Notices

September 14, 2021 / By Barbara Weltman

Employers subject to COBRA have been required since April 1, 2021, to pay premiums for employees who were involuntarily terminated (other than for gross misconduct) or subject to reduced hours. The obligation ends September 30, 2021. However, employers must give notice about the conclusion of this free coverage no later than tomorrow. They can use a model notice from the DOL. Employers can cover their costs through a refundable employment tax credit.  #IdeaoftheDay

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Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

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