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AmeraPlan will guide you to a vendor at no additional
cost that will take the WORRY out of your COBRA administration
responsibilities. The Consolidated Omnibus Budget Reconciliation
Act of 1985 (COBRA) requires employers with 20 or more employees
(full and/or part-time) to offer continuation of health benefits
to employees and their dependents. Employers had to bear full
responsibility for compliance with COBRA laws, but the burden
of COBRA no longer has to be all yours. AmeraPlan's preferred
vendor offers a full COBRA administration program that helps
you comply with current COBRA/HIPAA requirements.
AmeraPlan's vendor will assist you with notifications,
premium collection and remittance, reports, documentation
and updates on COBRA regulations, along with the following:
- Collect information on
your current benefit plans and current qualified beneficiaries
- Notify any current qualified beneficiaries of the
new administrator for communication, questions and premiums
- Provide your administrative contact with simple instructions
and supplies to notify us of qualifying events
- Initiate
notification to qualified beneficiaries of benefit availability
- Send “removed-no reply” letter
to non-respondents
- Send “benefit cost” and “monthly
premium coupons to “yes” respondents
- Collect and track monthly premium payments from qualified
beneficiaries
- Send “underpayment” letters
- Send “removed-no payment” or “removed-insufficient
payment” letters
- Send “premium
change” letters and new coupons for carrier
rate increase or carrier changes
- Send “Medicare eligibility” letters
to qualified beneficiaries who will attain age 65 in
six months
- Send “conversion
availability” letter when possible for
a carrier to qualified beneficiaries
- Send “certificate of creditable coverage” (HIPAA)
to COBRA participants. This is at an additional cost
- Produce carrier remittance reports and checks for
employer
- Produce status, activity and remittance
reports for employer
- Explain how your compliance
was handled for IRS audits
- Provide updates on
court decisions and regulations relating to COBRA
- Offer access to our CORRA specialists
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