What is the most challenging piece of administering COBRA in your organization? Is it tracking qualifying events? Or maybe it's managing premium billing and collection. Perhaps your team is trying to keep up with ever-changing COBRA regulations while performing the scores of other duties necessary to keep your department running smoothly. COBRA is complex, and non-compliance can be costly. Fines of hundreds of dollars per employee can be assessed for every day that your organization is not in compliance with the rules. Is that a risk worth taking?
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Our experience in COBRA administration helps ensure your company's compliance with complex regulations.
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Our clients don't think so - and they turn to ADP COBRA Services to help mitigate that risk. When ADP acts as your COBRA administration provider, you no longer have to commit your company's time, personnel and other valuable resources to managing the intricacies of COBRA.
ADP COBRA Services Frees Your Resources By.
- Setting up your records on our proprietary system with electronic document archival and secure COBRA documentation
- Distributing notifications, correspondence, election packets, and COBRA termination notices as required by law
- Processing election forms and carefully tracking all key dates to ensure accurate and timely responses to COBRA administrative requirements
- Viewing health plan information, rates, and payment information
- Maintaining qualifying events and HIPAA loss-of-coverage data on-line
- Downloading your qualifying event data, HIPAA loss of coverage data and notifications
- Accepting and processing COBRA notification data via Electronic Data Transfer (EDT) file format
- Mailing the appropriate COBRA election package, HIPAA Certificate of Creditable Coverage, or the COBRA rights notification forms when files are received
- Keeping you informed with regularly-scheduled, extensive status reports
- Providing HIPAA Certificates of Creditable Coverage (optional)
- Mailing the appropriate COBRA election package, HIPAA Certificate of Creditable Coverage, or the initial COBRA rights notification forms when files are received
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