COBRA mandates that any organization with 20 or more full or part-time employees offer a “temporary continuation” of group health, Health Reimbursements Arrangement (HRA) and Flexible Spending Accounts (FSA) benefits to employees (and covered dependents) upon experiencing a qualifying event.
Additionally, state Legislators have created continuation which mandates continuation for organizations
offering group health and welfare plans with less than 20 employees.
The Consolidated Omnibus Budget Reconciliation Act (COBRA) mandates that any organization with 20 or more full or part-time employees* offer a “temporary continuation” of group health, Health Reimbursements Arrangement (HRA) and Flexible Spending Accounts (FSA) benefits to employees (and covered dependents) upon experiencing a qualifying event.
State Legislators have created continuation which mandates continuation for organizations offering group health and welfare plans with less than 20 employees.
ESG COBRAFlex & (Mini) COBRA can help stop the frustration and manage the liability, the premium collections and the regulations for clients of all sizes.
COBRA administration is a complex process governed by constantly changing rules and regulations. Virtually every aspect of COBRA and (Mini) COBRA is extremely time sensitive.
Non-compliance can result in excessive penalties, legal fees and significant financial risk to the employer. The risk of non-compliance can be severe. Penalties and excise taxes start at $100 per day per violation with the maximum excise tax being in the hundreds of thousands of dollars depending on the size of the company being audited.
ESG COBRAFlex, we can coordinate every aspect of COBRA administration, from start to finish – managing all the necessary communications, notices, forms and record keeping. Your clients will only need to inform us of newly eligible plan members, all qualifying events, plan and rate changes, and review of monthly management reports.
COBRAFlex is a comprehensive solution that helps organizations navigate COBRA administration and ensure compliance. Under COBRA, employees and covered dependents are entitled to continue group health, Section 105, and Section 125 benefits during qualifying circumstances. Non-compliance can result in penalties and financial risks for employers. With COBRAFlex, all aspects of COBRA administration are handled, providing streamlined processes, compliance assurance, and timely reporting for employers.
COBRAFlex manages all necessary communications, notices, forms, and record-keeping, minimizing administrative burden for employers.
By outsourcing COBRA administration to COBRAFlex, employers gain peace of mind. COBRAFlex stays up to date with the latest regulations and rulings, providing compliance proof during IRS or Department of Labor audits.
Employers provide relevant information, such as eligible plan members, qualifying events, and plan changes. COBRAFlex handles accurate and efficient reporting.
Eligible Group Benefits Covered
COBRAFlex extends its administration services to various group benefits, including medical health plans, health care reimbursement arrangements, vision and dental plans, Section 125 health flexible spending accounts, health reimbursement arrangements, and more.
Benefits of COBRAFlex
Eliminate frustration and minimize liability associated with COBRA administration. Avoid collections and stay compliant with evolving regulations. Ensure smooth processes and accurate reporting for your organization.
*Please note that state continuation laws may vary. Partnering with COBRAFlex can optimize your COBRA administration and provide peace of mind.