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 are listed below.
- 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
- 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
- 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
Any way you look at it, COBRA administration's complex requirements is best left to our trained specialists.