COBRA Administration
COBRA Administration For Your Company
The Consolidated Omnibus Budget Reconciliation Act, or COBRA, provides a continuation of health care insurance benefit coverage through your company’s group plan to previously employed personnel. COBRA serves as an important bridge for those who need health care benefits until they can find alternative coverage. COBRA compliance has many requirements which need to be met and can be a challenge for many HR departments to administer.
Copia offers the resources to simplify the management of COBRA. Let us help you minimize your company's liabilities by pairing your business with a third party administrator that offers the following COBRA services:
- Initial COBRA notices sent to newly eligible employees
- Takeover COBRA continuants
- Issue COBRA qualifying event notices
- Issue premium notices
- Manage and collect premiums
- Make payments and issue semi-monthly reports to employer
- Notify continuants of premium policy changes
- Maintain a complete documents archive
- Monitor all COBRA timelines
- Notify COBRA continuants of COBRA termination
For more information please contact one of our team members by clicking here.
