Introducing COBRA Academy for Employers, HR Professionals, and Benefits Brokers

There’s no doubt that over the past few weeks, COBRA has resurfaced as a focal point for many employers. That means many HR professionals and benefits specialists are spending more time on COBRA administration now than in years past…and many find themselves brushing off the dust to complete tasks they haven’t had to focus on for a while.

Reminder: What is COBRA?

The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) is a federal law that requires organizations that offer health care benefits, and have 20 or more full-time employees who work 50 percent of the plan year, to also offer the option of continuing health care coverage to qualified beneficiaries who would otherwise lose their benefits. Loss of coverage may be a result of employment termination, reduction in hours, or certain other events.

COBRA allows eligible employees, their spouses, and their dependents who were covered under an employer’s group health plan to continue their medical, dental, and vision benefit coverage, as well as their Flexible Spending Account (FSA) or Employee Assistance Program (EAP), if offered.

Our New COBRA Academy Can Help

If you’re feeling a little uncertain on your COBRA duties, we’d like to share our new COBRA Academy: a complimentary learning hub for HR professionals who administer COBRA, as well as brokers seeking to keep their clients compliant. Within, you’ll find helpful administration resources and ways to avoid common COBRA mistakes.

Side note: We know it may be tough to focus on compliance right now, but letting matters fall to the wayside or failing to follow COBRA rights notifications to the letter of the law can potentially introduce fines or civil litigation. We cover the penalties in our recent article in BenefitsPRO.

Here’s what you can expect from our newest addition to the award-winning ConnectYourCare Academy Series:

  • Fast FAQs to answer your burning COBRA questions

  • “The Employer’s Quick Guide to Getting COBRA Right”—An illustrative quick guide of COBRA tips employers, HR professionals, benefits specialists, and brokers should know

  • Our “Top 10 Mistakes Employers Make with COBRA Administration” eBook to help administrators avoid costly fines and penalties

  • Our COBRA compliance checklist, which includes the information and documentation administrators need to keep handy

  • Access to our on-demand, SHRM-sponsored webinar, covering COBRA case law, regulations, common pitfalls, and more—presented by ConnectYourCare’s COBRA experts

  • And coming soon: Our brand-new COBRA Administration for Dummies® eBook

Feeling a little rusty on COBRA regulations, notifications, and timelines? Check out COBRA Academy now!

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By |2020-03-26T15:46:49-04:00March 26th, 2020|COBRA, Employer Posts|
Disclaimer: ConnectYourCare does not provide tax or legal advice. This information is not intended and should not be taken as tax or legal advice. Any tax or legal information in this notice is merely a summary of ConnectYourCare’s understanding and interpretation of some of the current tax regulations and is not exhaustive. You should consult your tax advisor or legal counsel for advice and information concerning your particular situation before making any decisions.