I have been working with many clients recently in order to strategically plan, budget for and roll-out marketing initiatives that are focused on helping them maintain (or even grow) in this challenging economy.
In doing so, I am also seeing the toll the tightened market has had on staffing, and that many small business owners do not have the resources internally to advise them or those they may have had to let go.
On Feb. 17, 2009, the American Recovery and Reinvestment Act of 2009 (ARRA) was signed into federal law. This legislation includes a subsidy for certain qualified individuals who are entitled to COBRA continuation of coverage as a result of an involuntary termination of employment that occurred, or will occur, between Sept. 1, 2008, and Dec. 31, 2009.
For those of my readers who maintain their own company health plans and have unfortunately had to (or plan to) lay off, you may want to consider seeking legal counsel to determine your compliance obligations.
It may also help you educate those you may have had to let go.
