What exactly is COBRA?
The Consolidated Omnibus Budget Reconciliation Act (COBRA), passed in 1985, is a law requiring employers with 20 or more employees that offer health care benefits to offer a continuing coverage option to those who lose their benefits due to termination, reduction in hours, etc.
Since its inception, COBRA has cost businesses millions of dollars in legal and compliance fees. The IRS estimates that up to 90% of employers are out of compliance with COBRA regulations.
We’ve got an eye on COBRA regulations – so you don’t have to.
Our team offers prompt responses and provides all the information you need about COBRA eligibility and enrollment.
With our COBRA administration solution, you’ll have 24/7 access to real-time reporting on your COBRA activity and participants.