Skip to main content
T
tbonetcsd
October 25, 2021
Question

Health Insurance Premium Refund to a deceased employee

  • October 25, 2021
  • 1 reply
  • 0 views

I have an employee who passed away unexpectedly.  I have to refund 3 insurance premiums to his family.  When I write the check, what account would I put the check under?   If I put it under Employee Insurance: Colonial Life, it throws off my Balance Sheet.  I'm not sure how to account for the $77.62.  

 

Any help is appreciated!

Thank you all so much!!

Teri

1 reply

Candice C
Candice C
October 25, 2021

Good afternoon, @tbonetcsd. 

 

It's great to see you back in the Community. I'm so sorry to hear that your employee has passed. 

 

To be sure, I recommend consulting with your accountant on this matter. They'll be able to give you the best advice for your business on how to account for the $77.62. 

 

If you don't have an accountant, check out this link to find one near you. 

 

Keep me updated on what you and your accountant figure out. I want to be sure that you're taken care of today. Have a great day! 

Terms & ConditionsAccessibility statement