| If your company employed 20 or more full or part time employees during 50% of the business days in the last calendar year, you are likely subject to Federal COBRA provisions*.
It is important that you have procedures in place for dealing with newly hired/covered employees as well as terminated employees.
CobraAid’s COBRA Notice-in-a-Minute Software is the only compliance software created for companies with less than 150 employees. Our COBRA software is so simple to use no training is required. Simply add your company, health plan, and employee information, and printing a COBRA notice is just seconds away.
What to do.
There are a number of ways for your company to get into compliance with COBRA regulations. You may consider outsourcing your COBRA administration responsibilities to a third party. While expensive, this is often an excellent choice for larger companies with high-turnover.
Medium-sized employers may consider one of the many COBRA software programs on the market. Your Human Resources department should be prepared to spend plenty of time learning these often complex programs.
An excellent choice for smaller employers (less than 150 employees) with moderate turnover and COBRA activity is CobraAid.
CobraAid specializes in helping employers with in-house COBRA administration. Our COBRA software, up-to-date notices, and e-mail support for your COBRA questions are all designed to help your company get COBRA compliant.
For companies with extremely low COBRA activity (2 COBRA events/month or less), we also offer Word versions of all mandatory COBRA notices. We also provide unlimited e-mail support for your COBRA questions.
For more information, visit the Department of Labor website to review the latest COBRA regulations:
http://www.dol.gov/ebsa/regs/fedreg/final/2004011796.htm
For more information about CobraAid's COBRA Compliance Program:
Employers Click Here
Brokers Click Here.
For a Free COBRA Employers Guide, CLICK HERE.
See how easy it is:
Watch the COBRA Software Demo
*COBRA is a Federal law that requires certain employers to offer ex-employees and their dependents the opportunity to continue their coverage under the company’s group health plan. To request a free copy of COBRA’s latest regulations (2004) in PDF version, send your request to service@cobraaid.com |