With empowHR’s COBRA administration, you no longer have to commit your organization’s time, personnel and other valuable in-house resources to manage the intricacies of COBRA administration. By combining advanced technologies with our domain expertise, we provide the compliance, convenience and communications you need.
COBRA administration is a complex process, governed by constantly changing rules and regulations. Staying on top of COBRA healthcare continuation is no easy task. In fact, the IRS estimates that almost 90 percent of firms subject to COBRA are not fully in compliance with COBRA regulations. Plus, virtually every aspect of COBRA is extremely time-sensitive, so prompt and proper actions are critical.
empowHR takes the worry out of COBRA administration with comprehensive and efficient administration, and ensures the compliance of your Plan. This service promptly takes care of the necessary communications, notices, forms, and recordkeeping.
empowHR’s COBRA administration satisfies the stringent requirements that apply to the COBRA, HIPAA, and complex federal regulations. We also provide the collection of premium payments connected with COBRA. In all, it’s a security blanket that keeps you in compliance.
With empowHR’s COBRA administration services, you can feel secure that your organization is in compliance and that your participants are always well informed of their COBRA benefits status.
Benefits for Employers:
■ Reduce risk and comply with COBRA administrative procedures and HIPAA regulations to protect your interests
■ Automate qualifying event services and distribute notifications through mailing of election packages, enrollment forms and premium payment coupons as required by law
■ Collect and track premium payments and communicate all COBRA elections and changes to carriers
■ Provide easy-to-understand account reports that allow you to monitor your COBRA activities
Benefits for Participants:
■ Online enrollment is easy: a simple setup wizard helps participant enroll in COBRA within minutes
■ Provide access to experienced employee benefits professionals and financial experts
■ Process election forms and track key dates to ensure accurate and timely responses to COBRA administrative requirements
■ Maintain qualifying events and HIPAA loss-of-coverage data on-line and Provide HIPAA Certificates of Creditable Coverage (optional)