Simplified Compliance with Government Regulations
As your comprehensive COBRA Administrator, we give you and your participants peace of mind by helping you comply with complex and confusing COBRA regulations. myCobraPlan focuses on the administrative details, leaving you time to focus on your mission critical projects.
What will partnering with myCobraPlan do for you?
Relieve any fear you may have of not being COBRA compliant. Save you time and money by outsourcing your administration with us. Provide access to all your company's COBRA information any time of the day. Give you & your participants a resource for all your COBRA needs and questions.
COBRA administration is complicated and confusing. The American Recovery and Reinvestment Act Of 2009 is an example of how quickly COBRA law can change and how complicated compliance can become. If you’re not keeping up with these changes, it can be costly. Non-compliance can result in significant penalties legal fees, and productivity losses. myCobraPlan can help keep you compliant, reduce your work load, and free up time to focus on the things that make your company successful.
From Our Newsletter
When Is My Payment Due? And the answer is…it depends. “When is my payment due” is one of the top questions COBRA members ask our support team.
COBRA compliance isn’t about what you did; it’s about what you can prove you did. If a lawsuit is ever brought against your company, the only way to keep from paying penalties and fines is having documented proof of what occurred.
The purpose of the disability extension is to act as a bridge to allow disabled individuals to remain on Cobra until they become entitled to Medicare. Individuals who have been deemed disabled by the Social Security Administration can extend their coverage for an additional 11 months for a total of 29 months of coverage.
It goes by several different names: Specific Rights Notice, Qualifying Event Notice, Election Notice, COBRA Offering Packet and more. Regardless of which name you use, the rules and regulations are the same, and the fines for not following those rules are costly.
Did you know that one of the most important COBRA notices is the “General Rights Notice” or what is referred to as the “Initial Rights Notice”? Properly providing this notice is frequently overlooked by employers or the method of delivery does not meet COBRA compliance regulations.