COBRA
Online Automation, No Setup or Renewal Fees
We coordinate every aspect of your COBRA administration, taking the risk and complexity of compliance off your shoulders. You’ll use our secure client website to enroll new members, report qualifying events and review your monthly management reports. From that point, our COBRA experts assume all compliance administration responsibilities AND the liability.
Transfer Liability
The penalties for COBRA non-compliance are considerable. Government fines and lawsuits from former employees cost employers millions of dollars a year. In fact, COBRA is likely your highest unfunded liability. Using COBRA Solutions transfers that liability to us; you report employee events, we handle COBRA.
Increased Productivity
You can enter new hires and qualifying events online. No more paper forms to fill out and file. Once entered, the system creates and posts all appropriate notices. We review them for accuracy and mail them to participants within 24 hours.
Digital Document Management
An electronic image of every letter and notice sent to any participant is stored and date-stamped in the participant’s record. In addition, all actions taken on behalf of the participant are posted, creating a complete transaction history to prove compliance.
Superior Customer Support
Our bilingual COBRA team is available toll-free to help both you and your participants.
Limit Your Liability
Companies who choose to outsource their COBRA administration need to know their vendor partner will ensure its services are compliant with the latest COBRA regulations. Our web-based platform gives all clients immediate access to changes in COBRA procedures and the reports you will need to document compliance. You report COBRA events, we do the rest, including taking on the liability of COBRA management.
Why Choose PowerCOBRA?
- No setup costs, low monthly fees
- Toll-free customer support center
- Fast and easy – notices processed daily
- 24-hour online access
- Automated reporting of new hires and qualifying events
- Electronic images of all notices stored online for easy retrieval
- Payment coupons, payment posting and tracking
- Phone payment, auto-debit and manual payments for COBRA enrollees
- COBRA compliance ensured
Understanding PowerCOBRA Solutions
Overview
COBRA compliance is a time consuming task, with specific requirements, timelines AND serious penalties for not being compliant. PowerCOBRA takes the work and the worry out of COBRA administration. Each time you report an employee event, PowerCOBRA receives the information, evaluates it for COBRA requirements and generates the appropriate letters and notices. You’ll have access to view COBRA activity at any time via your employer web portal.
Affordable Peace of Mind
If you have 20 or more employees, you are required to manage COBRA one way or another. Why not protect yourself and handle COBRA right with PowerCOBRA.
- No setup fees
- No renewal fees
- $1.50 per participant ($1.00 for groups with 100+ enrolled)
- $50 per month group minimum
A Regional Sales Director will contact you and lead you through your group implementation. We will gather the specifics about your business and train you on how to use our web-based COBRA management tools and have you up and running in no time.
On Demand Employer Reports
Active Listing - Lists all participants active or ending on COBRA
Participant Termination - Lists COBRA participants who terminated, typically within a specific date range
Premiums Received - Provides a payment snapshot within a specified date range
COBRA Compliance Services
- General Notices of COBRA Rights and Responsibilities to employees and dependents
- COBRA eligibility and election notices
- Multiple notices sent to dependents residing at different addresses
- Employers can add new hires and report qualifying events online
- Monthly COBRA premium billing and collection
- Carrier eligibility management
- Premium reconciliation and disbursement to carrier or employer
- COBRA open-enrollment support and administration
- COBRA Enrollment and Termination Notifi cation
- Conversion notices, if needed
- All COBRA account transactions, notices and notes stored with the participant’s record
- HIPAA certifi cates of coverage
- Online, employer access to COBRA activity, premiums and reports
- Toll-free telephone support line
- Secure storage of all data and secure web-enabled 24/7 account access
- Secure ARRA (American Recovery and Reinvestment Act) compliance
To receive a complimentary review, complete and submit our contact us form and a representative will contact you shortly.
CompuPay offers PowerCOBRA in partnership with TASC, a nationally-recognized expert in COBRA administration.