COBRA provides certain former employees, retirees, spouses, former spouses, and dependent children the right to temporary continuation of health coverage at group rates when coverage is lost as a result of specific qualifying events. Correctly administering and managing COBRA benefits is critical to an employer’s reputation, but can be an extremely time-consuming process.
Howell offers complete COBRA Administration Services. Some of the services include:
Employer Advantages:
- Electronic retrieval of qualifying event information
- New hire and termination notices
- Qualified event notices to all beneficiaries
- Processing election of benefits, terminations, and changes
- Participant and carrier notifications of benefit termination, changes to enrollment, end of eligibility and account balance
- Tracking and notification of all applicable extensions
- Processing of premium payments
- Carrier or employer premium processing
- Monthly employer reports