— Companies join forces to provide expanded benefit administration and communication services — Miamisburg, OH — July 6, 2020 — BusinessPlans, Inc., a trusted provider of pre-tax benefits such as FSAs, HRAs, HSAs, and COBRA administration announces its partnership with Navia Benefit Solutions, a nationwide consumer-directed benefits provider of health, life, and compliance solutions. The partnership […]
Archive | Benefits Administration
Document, Document, Document
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 Overlooked COBRA Notice
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.
FSA, COBRA and Rollover: It’s Complicated
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 confusing, don’t feel bad. It’s a confusing topic for even the most seasoned HR professional.
FSAs and HRAs Don’t Count for COBRA, Right?
To avoid incurring fines and penalties and remain in compliance, the Department of Labor states that COBRA should be offered to any benefit defined as a group health plan. By definition this includes all HRAs and FSAs.
What is a “COBRA” Eligible Plan Anyway…
What is a “COBRA” Eligible Plan Anyway… Typically, when you think of plans eligible for COBRA continuation, you think of medical, dental and vision plans. While these are the most common they are not the only plans that are COBRA eligible. COBRA rules state that if a plan is legally defined as a group health plan, […]
However, there are a few exceptions. Federal government plans and certain church plans are not subject to COBRA. Small employers are also exempt, but one needs to be careful when determining its size.
The COBRA Initial Notice – Are You Compliant?
Did you know that one of the most important COBRA notices is the “initial notice” or what is referred to as the “general rights notice”? Properly providing this notice is frequently overlooked by employers or the method of delivery does not meet COBRA compliance regulations.
Important Considerations for COBRA Subsidies
An Employer’s risk could potentially increase when an Employer puts itself between the insurance company/stop-loss provider and the former employee particularly in a case where a premium is not paid on a timely basis.
Is COBRA Still Relevant Under the ACA?
The Affordable Care Act (ACA) changed a lot of things about the health insurance market in the United States. Among them: It granted some more options to those who had pre-existing conditions but who lost their access to a workplace plan because of job loss, layoff, benefit reduction or divorce.