COBRA administration

Keeping up to date with regulatory changes and executing on the nuanced requirements of COBRA administration is a lot to manage. Without the right level of expertise, errors could cost you big.

COBRA compliance made simple

Managing the requirements of COBRA is an inherent part of benefits administration. While COBRA protects your employees and their covered dependents against a loss of coverage under certain qualifying circumstances, administering COBRA requirements and complying with related regulations can generate a lot of work—and stress—for your HR and benefits teams.

For many employers, the solution is partnering with a third-party vendor for COBRA administration. But unless your COBRA Administrator and Benefits Administrator are one and the same, you could be left with managing multiple vendors and systems. That’s why Optavise offers an integrated COBRA administration service, so you can eliminate the hassle and further reduce the risk of non-compliance by having a single-source solution.

Ensure compliance with integrated COBRA administration

Keeping up to date with regulatory changes and executing on the nuanced requirements of COBRA administration is a lot to manage. Without the right level of expertise, errors could cost you big.1 In fact, COBRA violations can result in ERISA penalties of up to $110 per day, per beneficiary, as well as an excise tax of up to $500,000 in any given taxable year. Additionally, with nuisance lawsuits on the rise, there is a looming threat of costly litigation or settlement, making it more important than ever to ensure accurate and timely handling of all COBRA requirements.

By adding COBRA services to your Optavise benefits administration, our team of experts can easily:

Monitor legislative changes for updates that may impact the requirements and administration of COBRA.
Develop and deliver all required COBRA notices ensuring accuracy and timeliness.
Manage enrollment changes to ensure timely carrier activations and terminations.
Direct bill beneficiaries to facilitate timely premium collection and remittance
Support beneficiaries with their COBRA-related questions via a dedicated
COBRA Member Services call center.

Transparency and tracking at your fingertips

Need a copy of a notice that was sent out? Looking to see if a COBRA beneficiary is current on their premiums? We’ve got you covered. With HR Access, you get a real-time view of all COBRA activity and correspondence, including COBRA notices, paid-through dates, correspondence, and call history.