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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

cobra model notices

DOL Issues COBRA Subsidy Notices & FAQs

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April 8, 2021
Earlier today, the Employee Benefits Security Administration…
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#COBRA #Compliance #DOL #Healthcare
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Webinar - 1.0 HRCI & SHRM: ARPA COBRA Subsidy

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April 2, 2021
DATE: Thursday, Apr 15, 2021 TIME: 2:00 pm EDT to 3:30 pm…
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#COBRA #COBRA Mistakes #Compliance #Webinar
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basic cda

Important Tools & Resources For BASIC CDA Clients

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February 22, 2021
BASIC CDA The BASIC Consumer Driven Accounts (CDA) system is…
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#BASIC HR Solutions #Benefits CDA
https://www.basiconline.com/wp-content/uploads/2021/02/omni-channel-technology-of-online-retail-business-picture-id1190949479.jpg 628 1200 Simon Carlson https://www.basiconline.com/wp-content/uploads/2019/03/BASIC-online-logo.png Simon Carlson2021-02-22 11:09:522021-02-25 11:51:46Important Tools & Resources For BASIC CDA Clients

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