COBRA
Administration

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

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 notification timeframe 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 less 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!

Resources

TEST YOUR COBRA KNOWLEDGE

BASIC COBRA BROCHURE

Arizona mini-COBRA brochure

COBRA News

Costly Common COBRA Mistakes and How to Avoid Them

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February 5, 2019

The Consolidated Omnibus Budget Reconciliation Act of 1986, commonly…

#COBRA #COBRA Mistakes

New AZ miniCOBRA

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December 5, 2018

Starting January 1st, 2019, small employers in Arizona offering…

#Arizona #COBRA #Compliance #miniCOBRA #stateCOBRA

Importance of COBRA Outsourcing

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July 19, 2018

Nowadays, you can have many of your HR functions outsourced to…

#COBRA #Outsourcing #TPA