Would you like to get the time back that you are spending keeping track of all the requirements, regulations and rules related to COBRA administration?
COBRA requires that an employer:
- Provide evidence that reliable notice procedures are in place
- Prove that those procedures were followed in a specific situation
- Provide evidence that a notice was sent to a qualified beneficiary
- And much, much more...
Rest assured that in the future you would know that your COBRA administration is handled efficiently and accurately.
Take the COBRA/Wisconsin Continuation Quiz to review at your convenience. If you do choose to take the quiz, and if you answered "no" to any of these questions, we can help you!
- Did you know Qualified Beneficiaries may be required to receive 11 different COBRA Notifications?
- Do you keep up with the IRS Revenue Changes? (Revenue Ruling 2004-22 for example)
- Are you aware of the new Medicare Extensions?
- Do you know the time frames required by DOL for Initial Notices? (Now called General Notices)
- Are you aware of different regulations that apply to COBRA and State Continuation?
- Do you know if your company is subject to COBRA regulations or Wisconsin Continuation regulations?
- Do you have an Employee Election Notice?
- If you have one, does it include the 15 specific provisions that are required?
- Do you keep up with the Department of Labor (DOL) Federal Regulations? (Final regulation in Federal Register Volume 69, Number 102 Dated 05/26/03 for example.)
- Are you aware of the penalties if you fail to comply?
- a. IRS penalty of $100 per day for single coverage, $200 per day for family coverage
- b. ERISA penalty of $110 per person per day with no family maximum
- c. Attorney fees
- d. Court costs
- e. Damages
- f. Payment of Qualified Beneficiary medical bills to make them "whole"
If you answered "no" or are unsure of any of these questions, you may benefit from a new affordable way to take away the worry of COBRA Administration offered to clients of The Starr Group! For a reasonable, one-time fee, all of the stress of compliance issues will be alleviated! Contact the office nearest you today!
Contact your Starr Group Sales Representative or Account Manager and they will implement this service for you.
A minimal one-time fee is required to get you started.
