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Can I use the model of the general notice(full version) now and send it out or should I wait for more direction?
do I need to send it to employees who left and their children already signed up for Cobra on 1/1/2009?
How does the school district get the 65% back. Do we subtract it off of the payment that we send in or do we just subtract it when we do the 941 and the money will be reimbursed to us?
You really should call us and let us handle your COBRA. For $95 annual fee and $25 per qualifying event letter, you can’t beat it and our web-based system makes it a snap to process qualifying event notices in a 1-2 minutes. Plus, we take care of letter printing, mailing via proof-of-mailing, document archival, and toll-free customer service (i.e., you would have all these questions answered by our customer service center the moment you need it opposed to waiting until we respond to the public on this blob). Call us at 1-800-945-5513 or email info@cobracontrol.com. In the meantime, here are your answers…
You can use the model notice now, that is why the Department of Labor posted it for the public on its web site.
You need to send notices to EVERYONE who separated from your employ on or after 9/1/08 – whether the separation was voluntary or involuntary.
Do not discount the payment to insurer. Your district will need to calculate the 65% and deduct it from the Form 941 as a credit against what the district pays. This means the funds in the district’s tax payabyle account will not be full depleted when you pay the district’s taxes and you will be able to move that remainder (the 65% equivalent) back into your insurance payable account (or other account as your process deems appropriate) to remiburse the district for having paid the insurers 100% of the premium due.
The information contained herein is for informational purposes only and is not intended as legal or tax advice, nor is it intended to advise you of your obligations under ERISA, COBRA, HIPAA or the American Recovery and Reinvestment Act of 2009. It should not be used or relied upon as the basis for any action or choosing inaction. Consult an experienced benefits attorney or tax professional about your specific situation before deciding on any course of action or inaction.