[su_box title=”Keep in mind…” style=”default”] Employer-Covered Health Insurance is considered to be a non-taxable item. It is exempt from income tax, social security, and Medicare Some exceptions to this rule apply such as S-Corporation employees who own more than two percent of the business While not taxable, money that workers Read more…
[su_box title=”Keep in mind…” style=”default”] You Have Several Options if Your Health Insurance Lapses COBRA Coverage is Available for 60 Days After Leaving a Job Insurance Cancellation Due to Non-Payment of Policy Does Not Qualify you for Special Enrollment [/su_box] Health insurance can be very expensive. For some the cost Read more…
[su_box title=”Keep in mind…” style=”default”] Some Employers are Exempt from Sending Notices of Insurance Cancellations Health Insurance Cancellation Can be Effective as Soon as Your Last Day of Employment Employees Should Receive COBRA Information from Ex-Employers [/su_box] When can my employer cancel my insurance? Whether your hours have changed at Read more…
[su_box title=”Keep in mind…” style=”default”] You can choose to opt into COBRA insurance, which is a federal law that extends your employer-based health insurance while you are switching jobs You can choose a health insurance plan through the Obamacare Health Insurance Marketplace You can shop for a short-term or private Read more…
[su_box title=”Keep in mind…” style=”default”] If you have lost coverage due to a job change or job loss, you can apply for coverage under the Consolidated Omnibus Budget Reconciliation Act, also known as COBRA You can search the Health Insurance Marketplace, also known as the Health Insurance Exchange, and compare Read more…
[su_box title=”Keep in mind…” style=”default”] According to the “Obamacare” employer mandate, all businesses with 50 or more full time equivalent employees must provide health insurance for at least 95 percent of their employees by 2016 If companies do not comply with this mandate, they will have to pay a fee Read more…
