Health FSAs are group health plans and that means that all COBRA notice requirements apply to them. As usual, however, there are special considerations to be aware of as well. First and foremost, if an employer maintains several group health plans, they should consider sending one initial notice and one election notice that covers all …
Exciting New Benefit Offering for Cobra Allies Clients! COBRA Allies, a leading provider of COBRA Administration, Premium Billing, and Compliance support, has partnered with Human Interest, a 401(k) provider for small- and medium-sized businesses, to add an affordable retirement service to your benefit offering. COBRA Allies believes in partnership and carefully chooses who we partner …
OPEN ENROLLMENT season is fast approaching. Don’t forget about your COBRA QUALIFIED BENEFICIARIES. Open Enrollment is a busy time for HR teams throughout the country, as well as the brokers and administrators that support them. It can seem like a whirlwind of managing change, communicating with employees, and answering the inevitable laundry-list of questions. One …
The last few years have seen many class action lawsuits surrounding COBRA Election Notices. Penalties and fines for various notification inadequacies can be STEEP, including $110 per day of noncompliance, as well as possible liability for medical and legal expenses reimbursement. Many employers have settled these types of lawsuits rather than litigate. Now is a …
COBRA: An Easy to Miss Required Notice, The “General” or “Initial” Notice Read More »
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