Administering COBRA Doesn’t Have to Be Complex
Do you know if you need to administer COBRA? What are qualifying events that require you to offer employees continuation coverage? How many days do you have to send COBRA notifications after a qualifying event occurs?
Also known as the Consolidated Omnibus Budget Reconciliation Act, COBRA is a complicated set of federal regulations that employers need to comply with. That means HR professionals, brokers, and consultants are responsible for understanding a lot of information when it comes to COBRA administration. However, it doesn’t have to be overwhelming! Our COBRA Administration For Dummies®, ConnectYourCare Special Edition eBook breaks down the both the fundamentals and the complexities of administering COBRA in an easy-to-follow guide.
Learn the Ins and Outs of COBRA Administration
It’s important to understand COBRA administration in order to stay compliant and avoid legal penalties. Failing to comply with COBRA requirements can expose employers to lawsuits, fines, and other unpleasant scenarios. Even when you may think you are being diligent about COBRA administration, it’s easy to have a slip up without even realizing the mistake.
To help administrators avoid common COBRA mistakes, our guide covers key information, including:
What COBRA is and who qualifies for it
Which employers are required to administer COBRA
Common events that trigger the activation of COBRA provisions
The basics of COBRA administration, including money matters and paperwork
Legal penalties for noncompliance and COBRA standards to know
Quick tips to make COBRA administration easier and avoid mistakes
Use a COBRA Administration Guide to Stay Compliant
From the employer navigating COBRA for the first time, to the experienced COBRA administrator, having a comprehensive guide to follow is a smart move. Given the level of detail COBRA requirements entail (such as when notifications need to be sent, to whom they must be sent, and how they must be sent), it’s tough to know every crucial step in the process offhand, especially since COBRA administration isn’t an everyday event.