Why sign up for COBRA administration?
Former employees remain connected to your company through COBRA benefits for some time after they leave. Remove the strain on company resources with COBRA administration. Services include day-to-day benefits management, customer support for beneficiaries, protection against compliance penalties and control of administrative costs.
Employer services
A COBRA benefits specialist will provide the following services:
- Evaluate health plan coverage status
- Send notification and election forms to participants
- Distribute premium notifications to participants
- Collect premiums and remit to employer
- Manage open enrollment communication (additional fee)
- Provide compliance and administrative support
Former employee services
Former employees will receive:
- COBRA notification and election forms
- Premium notification
- Eligibility end date notification
- Customer service support
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Branch Banking and Trust Company, Member FDIC.