COBRA benefits can be complex and time-consuming so we created a comprehensive solution that helps you reduce risk while saving time and money. Our COBRA solution seamlessly integrates to manage everything from account reconciliation and time-frame tracking to regulatory requirements for participant communications and compliance reports.
Complete Online Account Management
Expert advice that saves time and curbs risk
Integrated funds management
Automation of compliance activities
Flexible fulfillment options
ConnectYourCare has strengthened COBRA administrators with leading COBRA management for over a decade. We offer innovative solutions to meet the needs of our clients and respond to changes in technology, the benefits marketplace and legal requirements. How can we help connect you with COBRA Care?
U.S. employers can now easily implement an employee benefit that provides savings for both employees and employers.
Section 132 of the Federal Tax Code established that employees’ commuting expenses are exempt from federal payroll taxes up to certain limits. By participating in a ConnectYourCare commuter program, employees can pay for qualified transportation with pre-tax dollars. These expenses can cover, work-related transportation and parking expenses including trains, buses, subways, ferries, vanpools and parking.
Transportation benefits can potentially save employees more than $1,300 each year (assuming a combined tax rate of 30%). When employees don’t pay income or FICA taxes on these expenses, the savings really add up.
Employers can save up to 7.65% on their payroll taxes as employees use pre-tax dollars to cover their commuting expenses.
And ConnectYourCare offers advantages above the savings:
For individuals, parking or transit passes can be easily ordered online and the entire amount may be deducted from the employee’s paycheck. An online calculator helps employees quantify their savings.
A variety of transportation and parking benefit options are available from ConnectYourCare including: