If your company has more than 20 employees and maintains a group health insurance plan, chances are you need Benefits Connection’s COBRA Administration Service.
Benefits Connection’s COBRA Connection has been assisting employers since the Consolidated Omnibus Budget Reconciliation Act in 1985. COBRA legislation requires that you offer healthcare continuation coverage for your employees and their dependents after they leave your organization or experience a COBRA qualifying event.
The COBRA law is complex and ever changing. Not dealing with mandated COBRA regulations can be costly. If your COBRA compliance is not administered properly, your business could face heavy federal fines (IRS sanctions and ERISA penalties of up to $300 per violation per day) or even crippling civil judgments, putting the future of your business in jeopardy.
Through our COBRA Connection division, Benefits Connection provides full-service administration and compliance solutions for Federally regulated healthcare continuation. We stay abreast of the many changes in legislation and Federally required deadlines to keep your business in full compliance.
Benefits Connection assumes the entire burden of administration. We collect COBRA premiums and notify insurance carriers when the coverage has been reinstated. We handle all the administration, so your company can focus on the needs of their current work force. We often save you money by identifying participants who are not qualified for COBRA continuation. Our state-of-the-art processing system, with electronic transfer of data to and from our clients and vendors, ensure accurate records that protect you in the event of frivolous lawsuits and DOL inquiries.
We offer a wide range of COBRA services that include (but are not limited to):
- Notification to qualified participants
- Monthly billing notices
- Termination and late notices
- Monitoring of Medicare Entitlement and Social Security Disability
- HIPAA certificates
- Monthly reporting package
- Audit trails
- Premium and eligibility reconciliation
- State mandated notices
- Web access 24/7