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Management Buzz 01/05

Keep up to do with COBRA, stop fearing exporting and more

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This story appears in the January 2005 issue of Entrepreneur. Subscribe »

That Bites

COBRA, the federal act that lets workers temporarily continue drawing health insurance when they switch jobs, has been taken for granted by businesses. But over the past year, the federal government has changed important aspects of COBRA-changes slipping under small firms' radar.

"Ninety percent of companies are not compliant with the new COBRA regulations," says Eric Raymond, CEO of Corporate Synergies Inc., a Mount Laurel, New Jersey, employee benefits consulting firm. "It's impossible to stay on top of changes."

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