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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

DOL COBRA Premium Subsidy
Test your COBRA Knowledge
BASIC COBRA Administration Brochure
IRS COBRA Employer Q&A

COBRA News

Webinar - 1.0 HRCI & SHRM: COBRA Compliance and ARPA Regulations

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June 11, 2021
DATE: Wed, Jul 07, 2021 TIME: 2:00 pm EDT to 3:30 pm EDT Register…
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#COBRA #Webinar
https://www.basiconline.com/wp-content/uploads/2021/06/webinar-landscape.jpg 627 1200 Simon Carlson https://www.basiconline.com/wp-content/uploads/2019/03/BASIC-online-logo.png Simon Carlson2021-06-11 13:01:542021-06-11 13:09:17Webinar - 1.0 HRCI & SHRM: COBRA Compliance and ARPA Regulations

Treasury Releases Much Anticipated COBRA Direction

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May 20, 2021
Yesterday, the IRS issued Notice 2021-31, which provides guidance…
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#BASIC News #Benefits #COBRA #Healthcare #IRS Regulations
https://www.basiconline.com/wp-content/uploads/2021/05/headquarters-building-picture-id179146656.jpg 628 1200 Simon Carlson https://www.basiconline.com/wp-content/uploads/2019/03/BASIC-online-logo.png Simon Carlson2021-05-20 09:05:302021-05-20 09:06:06Treasury Releases Much Anticipated COBRA Direction

Important Notice for Employee Navigator and Ease EDI Clients

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May 4, 2021
BASIC would like to inform you of an important change to our…
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#BASIC HR Solutions #BASIC News #Benefits #COBRA #FSA
https://www.basiconline.com/wp-content/uploads/2021/05/word-update-on-chalkboard-background-3d-rendering-picture-id1173141941-1.jpg 788 940 Simon Carlson https://www.basiconline.com/wp-content/uploads/2019/03/BASIC-online-logo.png Simon Carlson2021-05-04 14:10:182021-05-04 14:11:08Important Notice for Employee Navigator and Ease EDI Clients

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