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Stay in Compliance While Reducing Your COBRA Burden
If your organization maintains a group health insurance plan, you could be subject to compliance with COBRA (Consolidate Omnibus Budget Reconciliation Act). To protect your organization from IRS penalties and avoid costly litigation you must be in compliance with this important legislation.
How can outsourcing your COBRA and state continuation administration help ensure compliance?
The following key services will make your job much easier:
- Processing and mailing of mandatory COBRA notices
- Access to HIPAA Certificates of Creditable Coverage
- Tracking of COBRA dates
- Notifications to insurance carriers of elections, changes and terminations for COBRA benefits
- Collecting of premiums
- A point of contact for your COBRA participants
Why choose Associated Financial Group?
- Cost effectiveness - Surveys show employers reduce costs by about one-fifth 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.
- Convenience - We do the majority of the work. We track the dates, send the letters, and collect the premiums. Our on-site team will coordinate all aspects of your benefits administration, eliminating any need for you to relay information to additional vendors.
Call any of your team members today to find out more reasons why you should choose Associated Financial Group and learn how we can help reduce your COBRA burden. Call 800.258.3190 or send an
e-mail to info@associatedfinancialgroup.com, and one of our representatives will contact you. |