Cobra Administration

COBRA, (the Consolidated Omnibus Budget Reconciliation Act of 1985), is the federal statute that requires most group health plans to permit individuals who have lost plan coverage because of certain events to elect to continue that coverage, at their own expense, for a specified number of months (generally 18 months unless a second qualifying event occurs).

Beacon Benefit Consulting offers COBRA Administration to our clients at a nominal cost:

• Provide an Initial Notification of COBRA Rights to you for distribution to your covered employees.
• Notify the Qualified Beneficiary (the employee) and Spouse/Dependent(s) of his/her COBRA rights as defined in the COBRA Service Agreement.
• Monitor the 60-day COBRA election period for all qualified beneficiaries.
• Process elections upon receipt by Beacon
• Bill, receive and forward COBRA payments, which will be payable to you, the former employer.
• Provide monthly coupons to COBRA continuants for payment of their applicable premiums.
• Accept and respond directly to telephone inquiries relative to COBRA coverage, waivers, election periods, payments and eligibility issues for a qualified beneficiary or Cobra continuant.
• Collect and record the receipt of COBRA payments.
• Forward COBRA payments, plus the 2% administration fee to your designee for payment to the appropriate carrier.
• Notify COBRA continuants upon the expiration of coverage or of changes in your plan coverage or premiums, in accordance with federal statutes.