Health coverage is one of the most important benefits provided to employees by their employers. Employers that sponsor group health plans enable their employees and their families to take care of their essential medical needs, ensuring that they can devote their energies to productive work.
Most group health plans must comply with the Employee Retirement Income Security Act of 1974 (ERISA), a federal law that sets standards to protect employee benefits. One of the protections contained in ERISA is the right to COBRA continuation coverage, a temporary continuation of group health coverage that would otherwise be lost due to certain life events.
Proper COBRA compliance entails many required notices and tracking numerous timeframes. With Gallo|Thomas as your benefits administration partner, you can spend your time managing your workforce, not administering COBRA and the seemingly endless timeframes and notices that go with it. We ensure COBRA, Open Enrollment, State Continuation, and Eligibility are all handled properly.
How we help you
By partnering with us to manage your COBRA administration, you reduce your risk and free up valuable time and resources to allow you to focus on your employees and operations. We help in the following ways:
- Online event submission
- HIPAA certificates
- Communication to employees including all letters
- Billing and collection of continuation premiums
- Dedicated customer service support
- Assistance in fielding all employee and continuation questions
- Continually inform employers about all regulation changes
A COBRA administration plan should be part of any employer-sponsored group benefits plan. Contact us today to speak with a broker and learn more about how our approach to COBRA administration can help you increase your operational efficiencies and decrease your overall cost.