The Jacobs Company
Employee Benefit Plans & Services
"COBRA" Coverage Continuation
 

Failure to Comply

Employers who fail to comply with the COBRA Rules can incur an excise tax of $ 1 00 per affected beneficiary for each day of non-compliance.  If the failure to comply is not intentional, but due to "reasonable cause," the maximum excise tax is limited to 10% of the prior year's group health plan costs (with a maximum of $500,000).
 

COBRA Continuation

Please refer to our Health Insurance Section as we are developing the Employee Benefits Section

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This document was last modified on July 26, 1999

Copyright ©1999, The Jacobs Company, All Rights Reserved