COBRA Administration

Our trained professionals do COBRA administration exclusively for Associated Financial Group employee benefit clients. We keep you legal for Minnesota, Wisconsin, and federal COBRA administration laws and help reduce your group insurance expenses through prompt terminations and double-checking eligibility.

Here are 12 reasons you should outsource your COBRA administration to Associated Financial Group:

  1. Cost effectiveness - Surveys show companies spend 80% less when they outsource. Moreover, Associated Financial Group's pricing policy is unique and affordable. While most service providers charge by the number of employees you have, Associated Financial Group charges per qualifying event. Therefore, if none of your employees require COBRA coverage, then you pay nothing. If a qualifying event occurs, then we'll be there to handle it quickly and effectively.
  2. Convenience - We do the majority of the work. We track the dates, send the letters, and collect the premiums.
  3. Determining which laws to follow - You could be required to follow federal laws, state laws, or a combination of the two. We’ll monitor your situation to make sure your company is following the right laws.
  4. Compliance - Hundreds of steps make up proper COBRA compliance. You’ll be assured that they will be handled.
  5. Cost reduction - When COBRA is administered correctly, post-employment benefit costs can be reduced substantially. You don’t want to be responsible for paying the claims for misinformed qualified beneficiaries. We eliminate benefits for non-election, non-payment, and late payment.
  6. Recording, processing, and depositing payments - Payments will be collected and posted to the continuees’ payment history and reviewed monthly. If incorrect premiums are paid, a follow-up letter will be mailed to the continuee stating the amount due.
  7. Reimbursing continuee premiums collected - Payments are collected throughout each month and mailed to your company by the 10th of the following month along with a report detailing the premiums collected.
  8. Communication - You’re dealing with former employees...and let’s face it, former employees are often not happy. We communicate directly with your former employees and keep you informed.
  9. Singleness of purpose - We have staff dedicated to COBRA administration. You have a multitude of other things to do. Our staff’s job is to look after your COBRA administration.
  10. Experience - We process more qualifying events in one week than some companies would process in several years. Our clients value our COBRA administration service because they don’t have to worry about it anymore.