With overwhelming notices and recordkeeping, COBRA administration can be a significant drain on your internal resources. Factor in the consequences of non-compliance, and it’s easy to understand why employers turn to Bukaty Companies to manage this burdensome administrative task.
COBRA administration services include:
Event notifications
- Prepare and mail election enrollment and notices to qualified participants
- Track COBRA election timelines
- Prepare and mail payment coupons upon COBRA election
- Prepare and mail Notice of Termination upon voluntary/involuntary discontinuation of COBRA
Payment tracking
- Receive and track all COBRA payments within applicable grace period
- Notify qualified individuals of short payment
- Notify qualified individuals of returned checks and/or insufficient funds
Reporting
- Send monthly reports to client detailing all COBRA activities
- Communicate election and termination to carriers
General COBRA administration
- Coordinate with plan sponsor to obtain new plan information and premium
- Communicate premium rate changes to participants
COBRA customer service
- Answer COBRA participant questions
Anyway you look at it, COBRA administration, with its complex requirements, is best left to our trained specialists.