Friday, July 20, 2012

COBRA confusion stymies business - Denver Business Journal:

inufyw.blogspot.com
billion plan to help recently unemployeed people keep their health insurancw benefits was intended to protect the financially vulnerable from sinkingv deeper into debt because of high insurancer premiums ormedical costs. But that part of the Americahn Recovery and ReinvestmentAct (ARRA), whichu was signed in February, also has createx confusion, increased paperwork and potential cash-floew problems for businesses in Colorado and “There’s a feeling that even thougg the government is paying [for the subsidy], businesseds are paying for it too because of all the administrativs hassles,” said Kimberly Searfoorce, staff attorney for the (MSEC), whicn provides personnel assistance for companied in Colorado and Wyoming.
Searfoorce said since MSEC hashandled “hundreds” of calls from employers who aren’t cleadr on who qualifies for the plan. MSEC also has held a numbetr of seminars explaining thenew law.

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