Navigation Links
Is Your Business Ready for the COBRA Premium Subsidy?

TAMPA, Fla., Jan. 19 /PRNewswire/ -- As the unemployment rate grows, so do the numbers of unemployed workers and their families who are coping with the loss of health insurance. COBRA continuation coverage can offer critical (albeit small) peace of mind, but while many workers have the right to purchase such coverage, only about 20% actually opt in because the cost is often prohibitively high. A November 2008 study by non-profit advocacy group Families USA reports that COBRA premiums average $388 per month for individuals, and $1,069 for family coverage (view the whole report at ).

(Logo: )

As if there weren't enough administrative duties associated with COBRA administration, hold on to your business hats: As part of the $825 billion economic recovery bill unveiled last week by House Democrats, people who lost their jobs after September 1, 2008 could have the government pay almost two- thirds of their health insurance premiums. The length of the subsidy would be 18 months, equal to the maximum amount of time employees can carry COBRA from their former employers. With events such as divorce, separation, or death, the time period is extended to 36 months. In effect, this offers a second chance to people who may have passed on the offer the first time. It appears that President-Elect Obama backs the idea, so it looks like the bill will pass.

Except for federal and certain religious organizations, all employers with 20 or more employees are required by law to offer COBRA. Not only must they must send notices within 90 days to any employee beginning coverage or within 44 days within ending health benefits, you must be able to prove it. There are stiff penalties for failing to comply, and the DOL makes changes regularly. An estimated 80% of companies are already not in compliance with Federal COBRA regulations. Are you?

Mangrove's full-service benefits administration is streamlining HR departments across the country. Organization of all sizes are taking advantage of our flexible, personalized affordable offerings for COBRA, keeping them compliant and aware of the various ever-changing regulations. In light of this new subsidy, more companies than ever will be looking to outsource their COBRA administration to be compliant. Aside from a low price, the peace of mind is priceless. Avoid the rush; talk to a Benefits Specialist at Mangrove today to see how we can help you, or visit us at to check out our full service offering.

About Mangrove

Founded in 1994, Mangrove is a leading provider of Payroll, Human Resource Management and Benefits Administration software and services that are designed for Workforce Empowerment(TM). Headquartered in Tampa, Florida, Mangrove hosts more than 7,000 Human Resource, Payroll and Benefits Administration customers. Mangrove's customers consist of organizations of all sizes within all industries including numerous Hotels, Manufacturers, Health Care Organizations, Retailers, Payroll Service Bureaus, and Administrator Service Organizations (ASOs) -- .

SOURCE Mangrove
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Mylan Commences Tender Offers and Consent Solicitations for Its 5.750% Senior Notes Due 2010 and 6.375% Senior Notes Due 2015 in Connection With Its Proposed Acquisition of Mercks Generic Pharmaceutical Business
2. Novo Nordisk Appoints New Leader of North American Business
3. Pioneer Surgical Technology Hires Vice President of New Business Development
4. WeissComm Partners Makes 10 New Hires as It Wins New Accounts and Grows Existing Business
5. First-Ever List of the 5,000 Fastest-Growing Businesses Reports Total Revenue of $194.5 Billion
6. WellPoint and M-Plan Enter Into Endorsement Agreement as M-Plan Announces Exit From the Commercial HMO Business in Indiana
7. Braun Challenges Business School Talent To Create A Buzz
8. Dow Jones Sustainability Index Again Recognizes Abbott for Continued Leadership in Business, Environmental and Social Performance
9. Karen Vigil Named Senior Vice President and Chief Executive Officer, Blue Shield of Californias Individual, Small Group, and Government Business Unit
10. Health and Business Groups Launch Ad Campaign About Need for Comprehensive Smoke-Free Law in Pennsylvania
11. Business Executives Discuss National Health Care Reform at Conference Sponsored by The Century Foundation, with Support from The Commonwealth Fund, and AARP
Post Your Comments:
(Date:11/25/2015)... ... November 26, 2015 , ... ... (AUC), European Union (EU), ANDI Pan African Centres of Excellence, and public R&D ... Nairobi (UNON) for the opening of the 5th African Network for Drugs and ...
(Date:11/25/2015)... ... November 25, 2015 , ... Lakeview ... the country to celebrate their sobriety and show through pictures what a positive ... after” photos this Thanksgiving with the hashtag #FacesOfGratitude on their Facebook, Twitter, and ...
(Date:11/25/2015)... , ... November 25, 2015 , ... The McHenry County ... recent successful appellate decision obtained by Attorneys Francisco J. Botto and Alex C. Wimmer. ... Illinois Workers’ Compensation Comm’n, 2015 IL App (2d) 130884WC. , According to court documents, ...
(Date:11/25/2015)... ... November 25, 2015 , ... Beddit® has launched a ... sleep tracking systems. The new app features a more intuitive SleepScore™ that rates sleep ... well you slept. The SleepScore is created by a proprietary algorithm. Beddit analyzes the ...
(Date:11/25/2015)... ... ... Today, Mothers Against Drunk Driving (MADD) learned that the number of ... time since 2011. In 2014, there were 9,967 fatalities involving an alcohol impaired driver, ... Traffic Safety Administration (NHTSA), 32,675 people were killed in traffic crashes in 2014. Drunk ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... 26, 2015 --> ... approach blends immunotherapy with Bremachlorin-photodynamic therapy for advanced cancer. ... blends immunotherapy with Bremachlorin-photodynamic therapy for advanced cancer. ... blends immunotherapy with Bremachlorin-photodynamic therapy for advanced cancer. ... found that immunotherapy can be efficiently combined with photodynamic ...
(Date:11/26/2015)... and Markets ( ) has announced the addition of ... - Rise in Cardiac Disorders and Growing Awareness among People ... Boston scientific and others. ... others. --> The market is dominated by ... scientific and others. Asia ...
(Date:11/26/2015)... DUBLIN , November 26, 2015 /PRNewswire/ ... the addition of the "2016 Future ... Drugs of Abuse Testing Market: Supplier Shares, ... report to their offering. --> ... of the "2016 Future Horizons and ...
Breaking Medicine Technology: