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COBRA Administration
Like the reptile of the same name, COBRA can be deadly. The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) introduced a fair and equitable plan of insurance for employees and dependents who no longer qualify under your health plan coverage.
But did you know that not understanding the laws can cost you thousands, even hundreds of thousands, of dollars in penalties, fines, and liability suits? It only takes one minor mistake or oversight to incur penalties or allow an opening for lawsuits. In addition, keeping track of the necessary notifications, time periods, and billings can become a major hassle for busy employers. Reduce Risk. Reduce Costs. Reduce Paperwork.
Outsource your COBRA Administration to the professional management of Manley Services
If you have 20 or more employees, Manley Services is the professional management you need. Our thorough understanding of COBRA laws offers invaluable protection to your organization. We literally take over all necessary paperwork, notifications, billing, and personal contact required to make the transition into COBRA compliance. Our expert management can relieve your accounting department of hours of necessary tracking, billing, and collecting. Currently, more than 125 businesses trust their COBRA administration to Manley Services.
Manley Services will:
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Send notification of COBRA rights to the employee or dependent
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Furnish all the necessary materials
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Send monthly payment coupons directly to employees
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Collect premium payments and forward them to the appropriate party
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Keep track of time periods
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Send you a detailed monthly report of your company’s COBRA activity
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Answer all questions COBRA participants may have
Your part is easy
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Complete a simple application to get started.
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Notify us at the time of a “qualifyied change in status,” such as termination of employment, reduction in work hours, employee’s death or divorce, Medicare Entitlement, or loss of dependent status. We’ll even provide the forms you need.
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