“Subsidized COBRA in Severance – What’s that?”

Sklover Working Wisdom

I signed up for COBRA healthcare continuation for my family. Concerned that there was a mistake, I called Human Resources, and was told that it was not the usual COBRA benefits, but “Subsidized” COBRA benefits. The Federal “COBRA” law gives almost all laid off employees a right to remain on their employer’s health plan for up to 18 months. is entitled to remain on their employer’s healthcare insurance plan under a federal law nicknamed “COBRA.”

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Life After COBRA

Workology

My husband left his corporate job 19 months ago, took a consulting contract as part of our organization, Xceptional HR and with it left our employee benefits. Our family took advantage of COBRA known as the Consolidated Omnibus Reconciliation Act. Under COBRA , our family had to pay 102% of the total cost of health insurance which includes the expense our family was responsible for as an employee plus what the company covers plus a two percent administrative fee.

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COBRA: The 21 Most Frequently Asked Questions

Sklover Working Wisdom

ACTUAL CASE HISTORIES*: We are frequently asked questions about COBRA, the federal workplace law that is probably utilized by more employees than any other. To assist people in this regard, we’ve put together a list of the 21 Most Frequently Asked Questions about COBRA, along with their answers. Here’s a summary of the COBRA basics you ought to know. Some of your rights may surprise you: Question 1: What is COBRA continuation health coverage?

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“To be eligible for COBRA coverage, must I be on my employer's.

Sklover Working Wisdom

Blog » “To be eligible for COBRA coverage, must I be on my employer’s medical plan for any certain period of time?” “To To be eligible for COBRA coverage, must I be on my employer’s medical plan for any certain period of time?” Published on June 10th, 2010 by Alan Sklover Question: Regarding COBRA, to be eligible, is there a minimum time period you need to be covered under an employer’s health insurance plan to be eligible for COBRA? FMLA, COBRA and Pregnancy N.

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“Need a Therapist’s or Doctor’s Note for Work?”

Sklover Working Wisdom

as evidence of why an employee needs to “involuntarily” resign, yet should remain eligible for unemployment insurance benefits, severance and redress of legal claims. Addiction, Law and Work Disability Disability and Pregnancy FMLA FMLA, COBRA and Pregnancy Hostility/Bullying in General Involuntary Resignation Monthly Newsletter Library Parenting and Working The Bully Boss and Hostility When is Involuntary Resignation appropriate?

2021 100

Insurance Hopping is the New Black

Workology

Tags: Bloggging HR benefit reform benefits COBRA employee turnover healthcare benefits healthcare reform human resources insurance insurance hopping SHRM

“For my appeal of a denial of unemployment benefits, should I.

Sklover Working Wisdom

Blog » “For my appeal of a denial of unemployment benefits, should I point out that I am receiving COBRA subsidy, which makes no sense?” “For For my appeal of a denial of unemployment benefits, should I point out that I am receiving COBRA subsidy, which makes no sense?” Published on September 15th, 2010 by Alan L Sklover Question: I was recently forced to leave my job, and I applied for unemployment benefits. Benefits, Pensions and Perq’s H.

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“I have an Unemployment Benefits Appeal Hearing coming up. What do.

Sklover Working Wisdom

Blog » “I have an Unemployment Benefits Appeal Hearing coming up. I have an Unemployment Benefits Appeal Hearing coming up. Published on September 19th, 2010 by Alan L Sklover Question: I was terminated about eight months ago, and I applied for unemployment benefits. After an initial Hearing I was granted benefits, and they started being paid about a month ago. Benefits, Pensions and Perq’s H. FMLA, COBRA and Pregnancy N. Unemployment Benefits AA.

2010 109

Ep 71 – Importance of Compliance with Employers Insurance Benefits

Workology

The topic of compliance in employer benefits is of growing importance, due in part to the new reporting requirements under the Affordable Care Act, and because several benefit administration companies have recently been questioned about reporting, licensing and compliance issues. Episode 71: Navigating the Changing World of Employers Insurance Benefits, Programs and Brokers. Company insurance and benefit brokers often get a bad rap. Challenges with Employee Benefits.

“How do I resign while on FMLA leave (especially with a bully boss)?”

Sklover Working Wisdom

As the primary provider of income and benefits for our family – including one child who is severely disabled and has large medical costs – I can’t afford to make a mistake. You can use COBRA coverage from your “old” job for a short period to help you do this, if COBRA coverage is available to you. Be careful, though, not giving notice sometimes entails losing out on stock or stock options, and certain other benefits and payments.

2011 142

“On FMLA. Don’t want to return, but want unvested stock. What can I do?”

Sklover Working Wisdom

Employee benefit plans are just chock full of rules and regulations that must be adhered to very carefully in order to safeguard your stock, stock options, or other forms of “equity.” FMLA FMLA, COBRA and Pregnancy How and When to Resign Losing Q & A Resigning from Your Job Stock, Stock Options, "Equity Question: I am currently out on Family Medical Leave Act (“FMLA”) to help my mother who is sick. I do not want to return to work after my leave time is over.

2014 109

Is Drug Addiction a Legally Recognized Disability? Understanding Addiction, the Law and the Workplace

Sklover Working Wisdom

The ADA specifically excludes many such “addictions” from its protections and benefits, and the Courts have also not found many other of such claimed “addictions” to be covered by the ADA. It is also to be pointed out that, as a general rule, those who have lost their jobs due to being under the influence of illicit drugs on the job, or on off hours if it affects the job, do not qualify for unemployment benefits.

2016 100

“Problem Not Yet Solved; What’s My Next Step?” Your Five Alternative Next Steps

Sklover Working Wisdom

This can provide you with up to 12 weeks off, unpaid time, while still employed, in which you may try to find a new job, while your benefits continue. It gets you “away from” a bad situation, but still “on payroll and officially employed,” so that you have benefits and don’t need to explain to interviewers why you left your job. Making sure you are taking advantage of all employment benefits and perquisites available to you is one way to do just that.

2016 100

FMLA – Great Tool to E-x-t-e-n-d Employment

Sklover Working Wisdom

Aquilino, Margaret and Kevin each spoke to their family members’ therapists, doctors and health care providers, who in each case were willing to certify that each of their respective loved ones would benefit by having him or her spend more time with their loved one. In general, a FMLA leave of absence is unpaid, but employee benefits should continue during your leave. “ The cure for anger is delay.”. – Seneca.

2016 100

Self-Help Action Plan 1: “Totally Frazzled from Work? Here’s What You Can Do”

Sklover Working Wisdom

is due and will be paid during FMLA, (b) what bonus, commissions or raises will be provided, as well as (c) what benefits will continue. [We Second Email to HR Requesting Critical Info on Payments, Benefits, etc. Before Negotiating Disability Disability and Pregnancy FMLA FMLA, COBRA and Pregnancy Involuntary Resignation Severance Packages The Bully Boss The Bully Boss and Hostility When is Involuntary Resignation appropriate

2015 100

“Due to anxiety attacks, I am on FMLA leave; will I be fired when I return?”

Sklover Working Wisdom

The basic idea of “involuntary resignation” is this: If you resign, you are likely going to lose any chance of collecting unemployment benefits (which is not ordinarily given to employees who resign) or receiving severance (which is also not ordinarily given to those who resign.) . Before Resigning FMLA FMLA, COBRA and Pregnancy Involuntary Resignation Q & A Resigning from Your Job What is Involuntary Resignation

2013 116

“Not Feeling Well Enough to Work? – 13 Workplace Options (Part 1 of 2)”

Sklover Working Wisdom

Eligibility : As to eligibility for STD depends on both state laws and on company policies: commonly – but not always – employees need to be employed (a) for six months (or similar period), and (b) for at least 30 hours (or some other number) of weeks per year, before being considered eligible for Short Term Disability benefits. . Waiting Period : Quite commonly, STD policies require a certain “waiting” period before STD benefits can be provided, often ten or 14 days.

2014 109

“Not Feeling Well Enough to Work? – 13 Workplace Options (Part 1 of 2)”

Sklover Working Wisdom

Eligibility : As to eligibility for STD depends on both state laws and on company policies: commonly – but not always – employees need to be employed (a) for six months (or similar period), and (b) for at least 30 hours (or some other number) of weeks per year, before being considered eligible for Short Term Disability benefits. Waiting Period : Quite commonly, STD policies require a certain “waiting” period before STD benefits can be provided, often ten or 14 days.

2014 100

Should I Sign Termination Papers?

Evil HR Lady

My question to you is would my signing the letter mean an acknowledgement that I agree or if I include, ‘Signed As To Receipt Only’ not work against me if I file for unemployment benefits.

2021 282

“Not Feeling Well Enough to Work? – 13 Workplace Options (Part 2 of 2)”

Sklover Working Wisdom

To qualify for Social Security Disability benefits, an employee must first have worked in jobs covered by Social Security. The reason for this is that, in its essence, severance is a “business transaction” whereby (a) the employee gives up his or her legal rights – whatever they might be – in exchange for (b) the employer providing some combination of continued compensation, benefits and other things of value. “Be careful about reading health books.

2014 116

How to Get a New Job Quickly After Being Laid Off

Jobacle

Ask about continuing your health insurance benefits through COBRA and rolling over your 401(k) to your new employer. A job loss can often turn out to be a blessing in disguise for your career, freeing you up to advance into a better job with higher pay and better benefits.

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if you lost your job recently, you’re eligible for 6 months of free health insurance

Ask a Manager

Some background: Typically when you lose your job, you’re eligible to continue on your employer’s health care plan through a federal law called COBRA, as long as your employer had at least 20 full- or part-time employees during the previous year. This new law allows you to use COBRA coverage at no cost to you. You also must be within the 18-month COBRA eligibility period (meaning it’s been less than 18 months since you lost your job). *

2021 40

If I Refuse a 20 Percent Pay Cut, Is it a Resignation or Termination?

Evil HR Lady

Today I got an offer letter that offers a 20% pay cut and that would increase my benefit premiums from $0 to $200/month, all for the exact same role and tasks. . I would appreciate some advice for my particular case. My company recently got bought out by a big corporate company.

2020 251

“If my company is sold, can I collect unemployment insurance.

Sklover Working Wisdom

Blog » “If my company is sold, can I collect unemployment insurance benefits?” “If If my company is sold, can I collect unemployment insurance benefits?” Rather, the primary determinant of eligibility for unemployment benefits is whether or not a job is available to the employee. If the new owners of your company are offering you a job – so long as it is in most material ways equivalent to your present job – you have no reason not to work and collect benefits.

Did You Know That. ?

Sklover Working Wisdom

At the same time, you can find out what your Social Security benefits will be when you retire. Benefits, Pensions and Perq’s H. FMLA, COBRA and Pregnancy N. Unemployment Benefits AA. Blog » Did You Know That. ? Did You Know That. ? Published on October 2nd, 2010 by Alan L Sklover You can easily check to make sure your employers have made the correct contributions to your Social Security account.

2010 109

Five End-Of-Year Hacks for Small Business HR

Workology

Perform a COBRA audit. Do you know if you offer state COBRA? Have you hit the ceiling to switch to Federal COBRA? Is your Federal COBRA properly administered? It’s more than just the Summary of Benefits or Master Contract – this is a unique, ERISA compliant document, that contains the important facts your employees need to know about their retirement and health benefits. Employee benefits are expensive, but worth it.

2014 98

Expense Reports Are Ending Careers Like Never Before

Sklover Working Wisdom

According to published reports, Fidelity has recently terminated hundreds of employees for allegedly submitting false or misleading receipts related to employee benefit programs that permitted employees to be reimbursed for computers they purchased for work. And, I am acutely aware that fired employees must forfeit unvested equity, are not entitled to COBRA insurance benefits, and do not get offered severance.

2018 100

Expense Reports Are Ending Careers Like Never Before

Sklover Working Wisdom

According to published reports, Fidelity has recently terminated hundreds of employees for allegedly submitting false or misleading receipts related to employee benefit programs that permitted employees to be reimbursed for computers they purchased for work. And, I am acutely aware that fired employees must forfeit unvested equity, are not entitled to COBRA insurance benefits, and do not get offered severance.

2018 100

Is it a mistake to leave a consulting job for a job just to get health insurance?

Careers Done Write

My husband was laid off and we will be without health insurance when our COBRA coverage expires in 3 months. If I take work as a barista at a coffee shop, they will provide full health benefits. This is a $25,600 annual benefit to my family of 5. We can’t buy insurance for our family outside a group for a lower price and to match that price the benefits would be much lower. Dear Deb: I work as a consultant, mostly for non-profits.

For job security, save one month’s salary

Cube Rules

Figure out your take home pay, add in a good chunk more for a COBRA payment to maintain health care and then figure out how much to save monthly between now and the end of the year to get one month’s take-home pay in the bank. Related Posts 5 bedrock rules for starting your job search 5 personal finance actions to do before 2010 4 Ways Career Management is Personal Finance 4 benefits of practicing a layoff Personal finance excellence is now a required Cubicle Warrior skill Zemanta.

2013 160

Government Career Resources

Professional Resume Services

Among the Department of Labor’s top 20 requests are information on COBRA health insurance continuation coverage, the Family Medical Leave Act benefits, United States employment statistics, health plans, minimum wage and unemployment insurance. Statistics on United States productivity, employment and unemployment, pay and benefits, and on the job injuries are also provided by the Bureau of Labor Statistics.

2012 109

Employees Are Quitting Jobs Because of Affordable Care Act in 2014

Workology

Welcome to the new employee benefit insurance world, courtesy of our friends the ACA. Essentially employers with 50 or more employees are required to provide benefits to their employees as part of the ACA which began January 1, 2014. Benefits are available. The expense and cost of employers offering those benefits is still being debated. Offering health benefits and perks are important to employees and are a key employee retention and turnover reduction tool.

2014 124

HR Legal Update: #DOMA

Workology

When DOMA was struck down it gave over 37 million gay americans access a list of benefits that the federal government once denied. The Society of Human Resources Management has done a really good job of defining out what types of benefits/medical changes that will have to take place now that a decision has been rendered on this federal law. COBRA will now be offered across the board to same-sex and hetrosexual couples.

2013 98

“How should I respond to a request for an Exit Interview?”

Sklover Working Wisdom

However, if you are hoping for such things as (i) cooperation with rollovers, (ii) cooperation with COBRA, (iii) cooperation with future employers getting confirmation of your employment, etc., In addition, there might be some things that your employer can do to “hurt” you at this time if you don’t cooperate, such as altering the official date of your departure to prevent vesting of options or certain benefits. Question: I was recently asked to attend an “Exit Interview.”

2011 109

What are Resume Keywords?

Career Solvers

COBRA Administration. Benefits Design/Administration. We’ve all searched for something online by typing in a word or phrase that closely resembles the type of information we are looking for. We find information and make decisions about products and services via these types of searches. Employers use a similar method to find the applicants that best match their open positions. Many companies rely on applicant tracking software to source candidates.

2011 70

Losing Your Job and Weathering the Storm

Career Alley

A friend of mine recently lost his job (his company shut down, no severance and no benefits) and, while he was “fine” financially while he was working, he is in financial distress now that he is out of work. While unemployment benefits covers a part of the salary gap, there is still a gaping hole for most people. What to Do If You Lose Your Job – If you are lucky, you will get a severance package and be eligible for medical coverage under COBRA.

2011 238

Are you over-clouded? #HRTechConf

Workology

But what about something like employee benefits? Employee benefits, often the second largest recurring cost for a business, are far from predictable or one-size-fits-all. Employee benefits management represents the hybrid of the cloud future. Benefits are the same: companies can and should find a broker with their tools – but not their head – in the cloud. Don’t know who to call with a COBRA compliance question. The cloud.

2014 100

Being Laid Off? Know Your Rights As An Employee

Career Realism

A severance package is generally combined with other benefits like health insurance under COBRA. Health Insurance After being laid off, you may still be able to purchase COBRA extended health insurance benefits. If you are being covered by a group health insurance plan, then your employee layoff rights can make you eligible for extended health insurance benefits. During the recent financial crisis, many companies ran into difficult times.

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5 Tips for Thriving in a Job Transition

Workology

Keep yourself insured between jobs and while you’re waiting for benefits to kick in on your new job. If COBRA is too expensive, you can get short term medical insurance to cover you and your family if they need it. Job transitions , whether voluntary or involuntary, can add a lot of stress to your life if you aren’t prepared for what you’re going to face.

2013 130

Termination: How to Gracefully Fire An Employee #hrbasics

Workology

Make sure you give the ex-employee information on COBRA and any other benefit information they may need. So Long, Farewell, Auf Wiesersehen, Good-Bye! No one wants to do it, but as sure as death and taxes, if you’re in HR, you will have to fire someone some day. You can call it anything you warn, whether it’s termination, firing, letting someone go, it still sucks.

2014 106

Creating a Company “Bible” Can Save Time and Attorney’s Fees

Workology

Benefit Information. Benefit plan summaries, election and COBRA election paperwork; stock option, sales, bonus or incentive compensation plans. My husband was a story guy for the Star Trek family of TV shows at Paramount Studios. Each writer was given the “Star Trek Bible,” a compendium of frequently-asked-questions relating to the world of Star Trek from the dimensions of the U.S.S. Enterprise to how to work the holodeck to the functions of warp drive.

2013 106

“What should I expect after ‘re-badging?’”

Sklover Working Wisdom

Third, many re-badging efforts involve – sooner or later – reduced compensation and benefits. Keeping in mind that a primary motivation for re-badging is to save money, don’t be surprised to see – sooner or later – lowered compensation, lowered benefits and lowered number of days off, vacation and sick time. including what we call COBRA, Family Medical Leave Act, and even unemployment benefits. Question: Hi, Alan.

2011 144

Surviving and Thriving Through a Layoff

Executive Career Brand

Meg Guiseppi, C-level Executive Job Search Coach — Resume, Biography, Branding, Online Identity & ROI Value Communications Blog Home Intro Personal Branding 360 Reach Personal Brand Assessment Why hire a Reach Certified Personal Branding Strategist?

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