If you are an employer or HR professional, you are likely familiar with the Consolidated Omnibus Budget Reconciliation Act (COBRA). Navigating COBRA administration can be complicated and tedious. If you have never had to deal with COBRA, ensuring compliance as you administer continuation coverage can be tricky. Noncompliance can lead to hefty fines and legal issues—even when it’s the result of a simple mistake like writing a street address wrong.
But not to worry! With the help of our COBRA experts, we created a brief but detailed guide to COBRA administration in our latest eBook, COBRA Administration For Dummies®, ConnectYourCare Special Edition.
What Does the eBook Cover?
This eBook is a comprehensive guide for when and why you need to administer COBRA, and how to do so in compliance with DOL and ERISA requirements. It gives a detailed explanation of exactly what COBRA is, and what specific events trigger the activation of its provisions. It covers the process of COBRA administration as it relates to timelines, notifications, and collecting premiums, as well as what employers and administrators need to do to stay compliant. The guide details paperwork and documentation requirements, plus it lay outs the legal penalties that employers could face if they do not meet COBRA standards. We also put together a list of quick tips that employers and COBRA administrators can use as a compliance checklist that covers the fundamentals.
Who Needs This eBook?
This comprehensive resource is for anyone involved in the administration of COBRA. You may benefit from this guide if you:
Work in the human resources department of your company
Are a benefits broker who advises employer clients on their health care benefits offerings
Serve as a consultant who provides administrative services for companies that choose to outsource human resources obligations
- Are unsure whether your company is required to administer COBRA
In short, anyone who would like to learn more about COBRA administration can benefit from this eBook.
Why Should You Use a COBRA Administration Guide?
Whether you have been administering COBRA for years, it’s your first time in a long time, or it’s your first time altogether, having a quick reference guide while navigating the nuances of COBRA is a smart move. Although little has changed regarding COBRA requirements since the law was passed in 1985, the specificity of these requirements and how they apply to each unique situation make it challenging work to stay compliant.
Keep in mind that noncompliance can result in some serious fines for your company (or brokers, your clients), so using a reference to ensure that you are meeting the requirements can save you from potential lawsuits, costly fines, and major headaches down the line. Sending COBRA notifications at the wrong time or to the wrong address are common mistakes that can be made by even the most diligent administrators, which is why we recommend anyone involved in COBRA administration consider using this free resource to help yourself, your clients, and your employees.
Administering COBRA correctly can be hard, but with this concise and comprehensive guide, we hope to make it a little easier!