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As if there weren't enough administrative duties associated with COBRAadministration, hold on to your business hats: As part of the $825 billioneconomic recovery bill unveiled last week by House Democrats, people who losttheir jobs after September 1, 2008 could have the government pay almost two-thirds of their health insurance premiums. The length of the subsidy would be18 months, equal to the maximum amount of time employees can carry COBRA fromtheir former employers. With events such as divorce, separation, or death, thetime period is extended to 36 months. In effect, this offers a second chanceto people who may have passed on the offer the first time. It appears thatPresident-Elect Obama backs the idea, so it looks like the bill will pass.
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Except for federal and certain religious organizations, all employers with20 or more employees are required by law to offer COBRA. Not only must theymust send notices within 90 days to any employee beginning coverage or within44 days within ending health benefits, you must be able to prove it. There arestiff penalties for failing to comply, and the DOL makes changes regularly. Anestimated 80% of companies are already not in compliance with Federal COBRAregulations. Are you?
Mangrove's full-service benefits administration is streamlining HRdepartments across the country. Organization of all sizes are taking advantageof our flexible, personalized affordable offerings for COBRA, keeping themcompliant and aware of the various ever-changing regulations. In light of thisnew subsidy, more companies than ever will be looking to outsource their COBRAadministration to be compliant. Aside from a low price, the peace of mind ispriceless. Avoid the rush; talk to a Benefits Specialist at Mangrove today tosee how we can help you, or visit us athttp://www.emangrove.com/cobraadmin.aspx to check out our full serviceoffering.
About Mangrove
Founded in 1994, Mangrove is a leading provider of Payroll, Human ResourceManagement and Benefits Administration software and services that are designedfor Workforce Empowerment(TM). Headquartered in Tampa, Florida, Mangrove hostsmore than 7,000 Human Resource, Payroll and Benefits Administration customers.Mangrove's customers consist of organizations of all sizes within allindustries including numerous Hotels, Manufacturers, Health CareOrganizations, Retailers, Payroll Service Bureaus, and Administrator ServiceOrganizations (ASOs) -- www.eMangrove.com .
SOURCE Mangrove
