| 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. |
Avoid
the risk of daily fines from the Department of Labor and
the Internal Revenue Service.