COBRA - Are You Compliant?
The intent of COBRA is straightforward - provide continued insurance coverage to participants at their own expense. But administration is complex. Notification deadlines, proof of notification, tracking premium payments, notifying carriers of eligibility are just a few of the many tasks that are involved in running a compliant program. All of this is time consuming and costly. Non-compliance can result in penalties of $210 per day, per incident.
We are your Advantage
COBRA Advantage Plus (CAP) will turn our expertise and tools to your advantage. We will administer your program in a timely, compliant, and cost-effective way, and handle the job respectfully. We'll handle the complexities of COBRA administration so that you can concentrate on the core aspects of your business.
We provide:
- Initial COBRA notice to your employees and their spouses upon commencement of Plan Coverage
- Election Notices to Qualified Participants upon the occurrence of a qualified event with proof of mailing
- HIPAA Certificates of Credible Coverage when the participant loses coverage under your plan and at the end of their COBRA coverage. We will also provide a certificate on request up to 24 months following the end of COBRA coverage.
Through on-going administration, we will:
- Record elections and process premium payments
- Send informational correspondence to the participants as needed
- Update your carriers with eligibility data
- Provide you with financial and statistical reports
Our flexible solution allows you to:
- Transfer data to us via Electronic Data Transfer or manually through our Web Site
- View your participant records
- Request data changes
- View/request your reports
Let us show you how we can be your advantage in administering your COBRA program.
