COBRA Continuation Coverage
Due to the various complexities and steep fines and taxes for noncompliance, many employers outsource COBRA administration to a third-party administrator.
The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a federal law that provides for the temporary extension of employer-sponsored group health coverage for employees and their family members (qualified beneficiaries) in certain situations. COBRA coverage is available when qualifying events occur, such as termination of employment or divorce.
Due to the complexities of the law and potentially serious consequences for mistakes or violations, many employers outsource COBRA administration to a third-party administrator (TPA).
Whether you decide to outsource COBRA administration or keep it in-house, our resource library is a rich resource on the topic.
Key Compliance Issues
Visit our resource library for more information.
- Summary of Benefits & Coverage (SBC)
- Medicare Part D
- Exchange Notice Requirements for Employers
- Open Enrollment
- 5500 Form
- ACA Reporting of Health Coverage