COBRA Administration - Savers Administrative Services Services

Services

Savers Administrative Services - Services - COBRA

COBRA

Avoid the risk of daily fines from the Department of Labor and the Internal Revenue Service. Our COBRA Administration services will help you handle COBRA compliance issues so you can stay focused on your company’s objectives.

The American Recovery and Reinvestment Act of 2009, which became law on February 17, 2009, has significantly impacted COBRA law. COBRA Administration services from Savers will help employers stay abreast of the changes and ensure that their companies are in compliance with the new regulations. Please read more about the new COBRA regulations.

What will Savers do for my company?

Initial notice describing COBRA rights will be furnished to covered employees and their spouses at the time coverage begins to meet Department of Labor regulations.

Savers, upon receiving notice of a qualifying event, will provide an election notice to the qualified beneficiaries of their right to elect COBRA coverage by first class mail within 14 days after Savers receives notice that qualifying event has occurred.

Upon COBRA election, all due and past due premiums and fees paid by qualified beneficiary will be collected by Savers and remitted to designated company.

Upon COBRA termination, Savers will send the qualified beneficiary a HIPAA certificate for the period of COBRA coverage.

Savers will maintain compliance standards that require current and ongoing training of new regulations and interpretations of existing regulations that are issued by the Department of Labor.

Savers will maintain a customer service staff to assist both employers and employees with COBRA issues that may arise.