COBRA

COBRA (Consolidated Omnibus Reconciliation Act)

Should you need it, we are positioned to provide you with the best of COBRA administration. With an electronic reporting system, we can guarantee your compliance, reduce your workload, and provide web access to your participants’ information. ERISA assigns fiduciary liability to the Plan Administrator. You are the Plan Administrator unless you have a contract with someone else to perform those duties. Our COBRA partner firm assumes ALL responsibility and guarantees 100% COBRA compliance.

It’s as easy as this: You simply notify them of the qualifying event then remove the insured from your plan. The COBRA compliance firm takes it from there by sending out all notices, tracking all election periods, and collecting the premiums. Once an election is received they notify you to reinstate the COBRA participant.