I work for a small business and we recently had to let an employee go. The only problem is he wants to stay on our insurance and pay his whole portion to the company. When I receive his check what would the journal entry be for the deposit.
USA Former Employee wants to stay on Insurance
- Thread starter Thomas H
- Start date
Caution of Offering Health Coverage to Non-Employees • PF Compass •
Many people ask us if there is a risk towards offering health coverage to non-employees. Well there definitely is. Let us tell you about health coverage!
www.pfcompass.com
You should read the above.
Actually, Cobra is meant to handle this situation. So check with your insurer before you proceed on this.