What does COBRA do?
COBRA provides certain former employees, retirees, spouses, former spouses, and dependent children the right to temporary continuation of health coverage at group rates. This coverage, however, is only available when coverage is lost due to certain specific events.
Group health coverage for COBRA participants is usually more expensive than health coverage for active employees, since the employer usually pays a part of the premium for active employees while COBRA participants generally pay the entire premium themselves. It is ordinarily less expensive, though, than individual health coverage.
For many companies, compliance with COBRA and HIPAA regulations is difficult to maintain. The laws are constantly changing and many companies may not have the resources to stay on top of these changes. Furthermore, the regulations are complex and difficult to interpret, which makes the creation of compliance procedures challenging.
Our COBRA professionals and will partner with you to provide solutions that are best suited to your business model. As part of the process we will assist with updating your COBRA policies and procedures and provide you with an effective communication plan to alert your employees of all the applicable changes.
Give us a call at: 561-886-7535 or send us an email to request a no-obligation proposal regarding our COBRA compliance services.
Applicable Regulations: