COBRA SOFTWARE: FAQ's
*Everything you need to know about our COBRA Software
What does EverythingBenefits COBRA Software do?
Our solution handles virtually all aspects of COBRA administration and opens the door to a more efficient means of tracking qualifying events and eligibility, managing premium payments, automatically monitoring coverage periods and timelines, and providing a platform that acts as a digital liaison for communication between employers and qualified beneficiaries.
Partnering with EverythingBenefits for COBRA Administration gives you access to industry knowledge experts and compliance specialists. Through our automated COBRA Administration software, we do all the tedious work for you, freeing up your business for revenue-impacting activities.
What is the benefit of using EverythingBenefits' COBRA Administration?
The main benefit is a peace of mind. Our COBRA software eliminates much of the processes associated with in-house, manual COBRA administration, reduces the risk of non-compliance and the fines associated with it, and removes the awkwardness of COBRA administration for terminated employees. Using a COBRA Administration Service ultimately gets companies back to the business of their business so they can focus on revenue-impacting (and active employee) activities.
What makes our COBRA Administration solution more automated than others?
We establish an electronic bridge between our platform and our partners and automatically track and identify qualifying events/eligibility for your employees. Since most COBRA services today simply require the customer to call in when a COBRA qualifying event happens, EverythingBenefits identifies these events proactively and reacts to them, taking most of the burden of compliance off your shoulders.
What is "Mini-Cobra"?
“Mini-COBRA” (or MiniCOBRA) refers to COBRA legislation expansion at the State level, and varies by state. Most of these programs were created to extend coverage to employees in businesses with fewer than 20 employees who are not covered by COBRA under federal provisions. Roughly three-quarters (3/4) of all states have created state-specific COBRA legislation.
Where can I learn more about EverythingBenefits' COBRA Administration Solution
The best way to get to know our COBRA software is to schedule a DEMO for a one-on-one with our product specialist. We look forward to solving all your COBRA headaches!
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