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Ceridian: Red Tape Hampered COBRA Effort
ST. PETERSBURG, Fla. - Ceridian Benefits Services has found that the COBRA subsidy enacted by the U.S. government would have helped more unemployed workers if it required fewer compliance, paperwork and record keeping responsibilities from employers. The company's report was present to members of the U.S. Department of the Treasury this week by the American Benefits Council.
The COBRA Subsidy Law provides a 65 percent subsidy for workers involuntarily terminated since September 1, 2008 with eligibility for the subsidy expiring on December 31. In a prepared statement, Colleen O'Reilly, the report's chief author, said the enrollment rate is less than expected and that "the unique challenges the law presents to employers may have discouraged participation."
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