COBRA and state continuation laws remain in place and are required for any employer offering group benefits. These laws create significant risk to employers so special care and attention must be used to maintain compliance. For example, the most common reason an employer outsources COBRA administration to Flyte is that they discovered they’re losing money due to billing errors with COBRA participants.
Here are 6 main reasons why outsourcing COBRA to a modern COBRA administrator is a no-brainer:
Complete Federal COBRA administration with the most up-to-date and compliant notices.
Complete State continuation administration is included in the service. *If applicable
All group benefits are included.
State-of-the-art online COBRA system.
It creates a healthy boundary between an employer and a former employee. (no more collecting premiums from former employees).
All employee terminations are entered online, one-time, and Flyte does the rest!
COBRA compliance is complex, and employers can take advantage of a full-service, affordable, compliance solution at any time. Outsourcing COBRA administration is a way of lowering risk and reducing administrative burden on HR.
While outsourcing COBRA administration is not required, it is highly recommended due to it’s low cost, ease of use and risk assurance.
Have COBRA Questions?
Contact Flyte today and one of our seasoned staff will gladly assist you.