By Shari Wynne

Health care - and who pays for it - remains an important topic for business owners. Recent legislation will require employers to pay for 65% of separated employees’ health care continuation payment for a prescribed period.  Previously, employers were required to keep separated employees on their health care plans as long as the employee paid up to 110% to cover the payment and attendant administrative cost.  

As a health and benefits plan (ERISA) attorney, I want employers to understand that separation notices and the amount employers are now required to pay must change.  While there are tax credit reimbursements your cash flow will be impacted and you need to be prepared.   (more…)