Layoffs and slow economy bring COBRA issues to light

July 2008
Employee Benefit News;Jul2008, Vol. 22 Issue 9, p18
The article focuses on issues concerning the Consolidated Omnibus Budget Reconciliation Act (COBRA) brought by layoffs and economic downturn in the U.S. in 2008. The unemployment rate is at about 5.1%, with 80,000 jobs lost in March, the most jobs lost in five years. It notes the difficulty in tracking which employees are or are not eligible for COBRA, as well as when eligibility begins and ends. It cites the problems facing employers in satisfying the COBRA notice requirements.


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