Let's face it, COBRA compliance can be overwhelming and even a little scary at times. Administering COBRA in-house is a time-consuming task when done correctly and an extremely risky endeavor when it's not. Even one small misstep can expose you to costly penalties, which is why you need a trusted partner to keep you compliant.
Our quality COBRA service delivers a reliable, user-friendly and cost-effective solution to keep you worry-free. Flex takes care of the tracking, notifications and billing, so that you can concentrate on other things. Plus, our easy-to-use employer portal and dedicated COBRA Specialists will ensure you that get all the information and answers you need.
Efficient Plan Coordination
First Class Service
Simplified Web Access
Flexible Billing Options
Generate and mail COBRA Initial Notices and COBRA Election Notices
Receive elections and process payments from COBRA participants
Notify carriers of the COBRA election and reinstate coverage
Provide COBRA coupons to help participants manage and make payments
Experienced COBRA specialists available to answer questions and provide assistance
Handle all open enrollment tasks and notice requirements
Whether it be the ACA, COBRA, ERISA, HIPAA, Section 125, or another regulation, employers can find themselves out of compliance somehow, and they may not even be aware. Here is a list of some common areas of non-compliance, not ranked in any particular order.
What happens to beneficiaries who are enrolled in COBRA when a merger or acquisition occurs? The Internal Revenue Service (IRS) has some rather thorough and complex guidelines that address COBRA issues when business reorganizations occur, including mergers and acquisitions. In an effort to simplify an otherwise complex situation, we can generally break down the guidance as follows:
Two things happened in 1986. Run-D.M.C released their hit song, “It’s Tricky,” and COBRA became effective. Thirty-two years later, Run-D.M.C.’s music is still popular, and COBRA administration is still tricky—especially when it comes to Flexible Spending Account (FSAs). Add FSA carryover to the mix, and it gets even trickier.