The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) requires employers to offer continuous health care coverage to employees and their dependents who would otherwise lose their coverage due to termination of employment or other factors.
Any employer with 20 or more employees is a candidate for a COBRA audit. COBRA requirements are strict and fines and penalties for non-compliance are steep. Non-compliance can cost an organization thousands, even hundreds of thousands of dollars, in penalties, fines, medical claims and liability suits.
UnitedHealthcare makes it easy for your organization to follow COBRA's strict and complex rules. Our administrative services can address any number of qualified plans, employees, carriers and different coverage and rates.
Communication materials cover a wide range of mandated notices. In addition, reminders are sent to participants and qualified beneficiaries regarding their account status and new elections/termination information. Also, don't forget about ongoing e-news and COBRA regulation changes!
Funding becomes a simple step when going through UnitedHealthcare.
Unlike other COBRA administrators, the 2% administration fee (per employee) is returned to you, the employer.
Compliance takes care of all archival data for compliance, providing the following:
Administer your COBRA benefits online at uhcservices.com/Cobraapp/logon.aspx.