COBRA

COBRA administration is an extremely time sensitive and complex process. Governed by constantly changing rules and regulations, one delay or one missed deadline can place a business in jeopardy. Accelerated Benefits partners with many leading benefit providers to administer COBRA services and we work on behalf of our clients to take the stress out of COBRA administration. This allows clients to spend more time making their businesses successful. Through our partnership with one of the largest Third-Party vendors in the United States, clients are offered a comprehensive and efficient service where we: assume completion of necessary paperwork, handle employee notification, manage premium transfer, and ensure compliance with the Plan.

Through accessing AccBen’s preferred partner, clients and their employees experience the following benefits:

  • Assumed liability for all COBRA required administrative procedures and regulations
  • Positive proof of compliance
  • Necessary communications including communication to dependents
  • Direction communication with terminated employees
  • Notification and election notices
  • Department of Labor Initial Notice for newly enrolled employees
  • Premium Payment Coupons
  • Record-keeping on all COBRA correspondence
  • Collection of premium payments connected with COBRA.
  • Weekly reimbursement of COBRA premiums to the Client
  • Full Account Reporting
  • Robust online functionality including:
    • Qualified Beneficiary Entry including Personal Demographic Information, Eligible Benefits, and Dependent Information
    • New Employee Entry with DOL Initial Notice information updated daily
    • Qualifying Event Entry including Coverage History and Dependent Information
    • Qualified Beneficiary List including Personal Information, Employment Status, Coverage History, Eligibility Dates, Payment Records, Dependent Information, and COBRA Notice Mailing Date
    • Qualified Beneficiary Information updated daily
    • Existing Employee List with Personal Information and Initial Date of Coverage
    • COBRA Eligible Employee Search

 

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