Published February 2010
COBRA is riddled with a myriad of complications and administration is not going to get easier any time soon. In fact, COBRA administration has become even more complex with the recent extension of the COBRA subsidy. The following is a simple summary of the changes brought about by the COBRA extension.
- A qualifying event must take place before February 28, 2010.
- The maximum subsidy period has been extended from 9 to 15 months.
- Multiple changes to regulations concerning notice requirements.
BASIC recently sponsored a webinar presentation regarding the COBRA subsidy extension. If you would like more information, you can view a recording of the webinar presented by Larry Grudzien, a Chicago area attorney who practices exclusively in the field of employee benefits. Click here if you would like to file a request to view a recorded copy of a webinar.
Save yourself time and relieve stress by outsourcing your COBRA administration to a third party administrator so you can focus on your active employees and current operations. TPAs are much better suited to handle the changes often occurring with COBRA administration. It’s a great time to switch, especially with the possibility of another COBRA subsidy extension currently being considered by legislators.
Trust our expertise, BASIC stays updated with compliance issues and we are well prepared to keep your COBRA compliant. BASIC will also save you time by dealing with former employees and their families so you can focus on your business. Our COBRA Administration is also cost effective, especially if you leverage our expertise and bundle your COBRA Administration with additional options or services.
Let BASIC handle all the new special notifications required by the extension, prepare a 941 report for subsidy reimbursement for you and field all the compliance questions from terminated employees.Please click here if you would like to request a proposal for BASIC COBRA Administration. You may also speak directly to our sales team by calling 1-800-444-1922 ext. 3