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COVID-19 Developments: BASIC is committed to providing our clients and their employees with the very best service possible during this difficult period. We encourage Employers and Participants to take advantage of our e-technology options. Employers and Broker Partners, stay up-to-date with the latest COVID-19 news by checking out our BASIC Blog.

COBRA
Administration

Reduce your risk and liability while freeing valuable time and resources.

COBRA administration features that benefit you:

Carrier Terminations & Enrollments

Open Enrollment Assistance

Online Payment Options

Portal is Available 24/7/365

Add Participants & Update Rates

Download Notices & Reports

COBRA is the most commonly outsourced HR function. Since 1995, BASIC has developed the best practices for COBRA, ensuring consistent and reliable compliance. BASIC takes the majority of liability off of employers.

Noncompliance is expensive

Penalties

TAMRA penalties are $100 per day per violation
ERISA penalties are $110 per day per family member

Beyond Fines

Lawsuits leading to monetary judgments, attorney’s fees, and court costs
Obligated to pay medical bills if you can’t prove you offered COBRA within the DOL requirements
Insurance carrier can recover claim payments if COBRA was offered too long or accepted late payments

We exceed DOL COBRA notification time frame guidelines

Non-availability of coverage notice
Termination of COBRA continuation coverage notice
Payment coupons
Failure to elect COBRA notice
Late payment notice

Notice of COBRA premiums short by an “insignificant amount”
Notice of change of COBRA premium
Individual conversion policy notice
Required California notices
Alternative coverage options (if available)

Best-in-class service

Dedicated COBRA account managers
COBRA compliance certified
Full support for you and your COBRA participant
Average hold time is fewer than 30 seconds

Who must comply with COBRA?

All employers with over 20 employees on 50% of their typical business days in the preceding calendar year.

Qualifying COBRA Events:

Voluntary termination
Involuntary termination
Reduction of employee hours
Death of employee
Divorce or legal separation
Medicare entitlement (in extremely rare circumstances)
Dependent child ceasing to be a dependent

Eligible Coverages:

Medical
Dental
Vision
Prescription
Health FSA
HRA
Certain EAP’s

To ensure your company is compliant with all COBRA regulations, request a proposal today!

COBRA Resources

Test your COBRA Knowledge

BASIC COBRA Administration Brochure

IRS COBRA Employer Q&A

Arizona Mini-COBRA Brochure

Arizona Department of Insurance

COBRA News

Webinar: Peace of Mind COBRA Compliance

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June 30, 2020

DATE: Wed, Aug 05, 2020 TIME: 2:00 pm EDT to 2:30 pm EDT Register…

#Benefits #COBRA #Compliance #HR #Webinar

cobra regulations

COBRA Regulations Change Due to COVID-19

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May 15, 2020

Some COBRA regulations have changed as part of the government's…

#COBRA #COBRA Mistakes #Regulations

Webinar: Understanding COBRA Regulations 4/28/20

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April 2, 2020

1.0 HRCI & SHRM: Understanding COBRA Regulations - Including…

#COBRA #Webinar