COBRA Medical and Health Insurance Administration Plans
COBRA medical and health insurance administration plans from CBIZ ensure that you meet regulatory requirements without difficulty- or hassle. The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) mandates that any organization with 20 or more full or part-time employees offer a "temporary continuation" of group health and Section 125 plan benefits to employees (and covered dependents) upon experiencing a qualifying event. COBRA medical and health insurance administration plans are easy to administer with CBIZ.
COBRA Medical and Health Insurance Plan Administration Features:
- Track enrollment and premium payments;
- Inform participants of all premium rate changes;
- Periodically verify participant's eligibility;
- Update all participant information;
- Carefully monitor election periods and participant time frames;
- Provide a Certificate of Coverage detailing benefit history with the employer;
- Produce and issue the letters necessary to properly administer COBRA medical and health insurance administration plans to all participants;
- Provide you with monthly eligibility and participation reports;
- Maintain COBRA medical and health insurance administration plans activity documentation.
The COBRA Medical and Health Insurance Administration Plans’ Difference:
CBIZ has developed ways to make COBRA medical and health insurance administration plans as simple as possible for our clients, including:
- COBRA Administration Customer Service Center: We train our staff on COBRA laws before they begin answering calls, and keep staff updated with seminars, periodicals and electronic updates. Every call reaches a live person, so you receive a prompt response to all inquires.
- Event Manager Software: Customized specifically for COBRA medical and health insurance plan administration requirements. When a call comes in, customer service representatives recall the call history, document the new call and, if necessary, assign a task for guaranteed follow-up.
Outsourcing COBRA medical and health insurance administration plans to CBIZ allows you to increase your productivity, reduce your liability and save money on your insurance premiums. Learn more about employee benefits services from CBIZ, including worker’s compensation consulting services, payroll administration and using an online portal for insurance and benefits.