COBRA Administration

COBRA administration must adhere to stringent regulatory guidelines and timeframes. The administrative approach followed by Parente HR Services is designed to mitigate risk through full regulatory compliance with these guidelines and timeframes.

At the same time, we understand that continuation coverage can be a source of confusion and stress for eligible participants. For these reasons, we strive to deliver clear, accurate and consistent information at each point of interaction—from initial COBRA eligibility to coverage reinstatement to the exhaustion of coverage under COBRA.

A Parente HR Services partnership in COBRA administration helps ensure that your plans are compliant with all current and future IRS Section 125, ERISA and Department of Labor standards.

Advantages of COBRA Administration

Full COBRA administration outsourcing for all transactions on all products
Direct monthly invoicing to COBRA participants eliminates “gray areas” when it comes to payment responsibilities and process
Monthly payment monitoring protects plan from unwarranted claims and premium exposure
Premium billing reconciliation enables full accounting of COBRA membership
Toll-free participant access to knowledgeable COBRA administration resources

Communications

Initial COBRA notification issued to employees who are new to the benefits program
Annual open enrollment materials to COBRA participants
Qualifying Life Event notification/COBRA enrollment packages
Notice of Unavailability
Termination of coverage notification