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
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. A slight misstep can run you up to $200 per day plus damages […]
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. What is it? A DOL required mailing sent to […]
Forgetting a spouse is never a good thing but when it comes to COBRA compliance, it can have legal ramifications. Considering the legal ramifications and that it’s one of the most common COBRA compliance errors made by employers, we figured it was a worthwhile topic. Today, we’ll touch on the spouse side of the […]
Q: “I’m only liable to offer COBRA to those employees who quit or are fired, right?” A: Wrong. This is a common question in the world of COBRA administration. And it’s commonly misunderstood. There are actually two types of events that qualify for COBRA and each event type is associated with varying amounts of coverage […]
FSA, COBRA and Rollover: It’s Complicated We’ve already discussed that Health FSAs are COBRA eligible. If that’s a new topic for you, check out our article. However, the inner workings of how FSAs and COBRA interact create complications that require detailed clarification. One such topic is how FSA rollovers impact COBRA premiums. If it seems […]