Question of the Week

Posted by BAS - 11 February, 2021

header-picture

Q.- A former employee who is continuing health coverage through COBRA said she is entitled to a subsidy for her premiums for medical coverage through the Trade Adjustment Act (TAA). Does this mean we need to charge her less for COBRA?

A.- A TAA recipient who meets certain requirements may apply for a health care tax credit. The credit is taken on the individual’s income tax return, and not directly through the COBRA administrative process. You should click here to refer the former employee to the IRS website for more information. 

Topics: COBRA, HR & Benefit Plans, HR & Benefits News, Technology News


Recent Posts

Question of the Week - ACA Transmission: Accepted with Errors

read more

IRS Dirty Dozen: Phishing and Smishing

read more

Streamlining HR Document Management with MyEnroll360's Reference Library Feature

read more