COBRA Administration
Westland Insurance assists businesses with budgeting and administering the Consolidated Omnibus Budget Reconciliation Act. We can also guide businesses with administering their COBRA plans, for self-funded or fully insured group plans. This valuable service can improve the performance of your company.
We offer the following services:
- Notifying new participants of COBRA rights and responsibilities.
- Providing participants with enrollment packets when a qualifying event occurs. The enrollment packet includes:
- Informational cover letter
- Premium Calculation worksheet
- Individual right to election for all family members covered
- Waiver of coverage letter to decline COBRA
- HIPAA certificate of creditable coverage
- Tracking enrollment and payment periods
- Sending monthly premium notices
- Collecting premiums and ensuring timely receipt
- Forwarding premium payments to the plan sponsor with monthly reports
- Verifying ongoing eligibility
- Notification to participants when COBRA is nearing termination
- Notifying participants when COBRA expires and providing a certificate of creditable coverage
- Sending letters to address Medicare eligibility, NSF checks, new rate notification, etc.
- Maintaining all appropriate documentation of critical transactions
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