Management Buzz 01/05Keep up to do with COBRA, stop fearing exporting and more
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That Bites
COBRA, the federal act that lets workers temporarily continuedrawing health insurance when they switch jobs, has been taken forgranted by businesses. But over the past year, the federalgovernment has changed important aspects of COBRA-changesslipping under small firms' radar.
"Ninety percent of companies are not compliant with the newCOBRA regulations," says Eric Raymond, CEO ofCorporate SynergiesInc., a Mount Laurel, New Jersey, employee benefits consultingfirm. "It's impossible to stay on top ofchanges."