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COBRA payments made to a terminated employee
March 3, 2023
Q. Are COBRA payments issued to a terminated employee reportable? For example, the termed employee pays the COBRA bill and requests reimbursement from our AP department.
A.
(Answered by IOFM's third-party tax experts)
Response:If COBRA premiums are reimbursed to the employee/former employee who has provided documentation of their payment to the insurance company (or if your company pays directly to the insurance company) the amounts are not tax reportable. If the amounts are paid directly to…
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