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"Finding Solutions
Beyond the Obvious"
1- 800-854-4099
724-458-7255
Fax: 724-458-7261
service@davevic.com
902 South Center Street
P.O. Box 976
Grove City PA 16127
Content copyright 2008
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Davevic's COBRA Help Webinar Session on 3/26/2009 (Click either to view.)
Brief Overview of COBRA
Employers with twenty or more employees providing health insurance benefits must offer a temporary extension of the Company's group insurance coverage when
an Employee (or covered Dependent) experiences a Qualifying Event. Since COBRA is a temporary extension, benefits remain identical to that of a similarly-situated
active Employee. The Participant is responsible for paying the group's premium (plus a small administration fee) and the Administrator is responsible for reimbursing
the Insurer. COBRA continuation coverage offers individuals increased time to obtain new coverage and should not be viewed as a permanent plan.
Employers Subject To COBRA
Virtually all Group Health Plans are subject to COBRA with the exception of “small employer plans,” church group plans and federal government plans. A “small employer”
is defined as an entity where fewer than twenty employees are employed on the typical business day during the previous calendar year. When calculating the total number
of employees, part-time employees should be calculated as a percentage of a full-time employee and all employees must be included (even if they are not on the Group Health Plan).
COBRA Services
As a third party administrator, we perform the following services for our COBRA clients:
- Initial COBRA Notification
- Rights mailing
- Election form mailing for each qualifying event
- Certificate of Creditable coverage -- as required under HIPAA 96
- Acknowledgment of elected coverage
- Monthly premium billing
- Verification of accuracy and timeliness of payment
- Manage of secondary events
- Administer Medicare disability
- New Plan Notification
- Termination notifications
Cobra Forms
ATTENTION:Click links to view information
COBRA assistance available through the A.R.R.A. plan from the federal government. Details
New COBRA regulations Q & A.
If you are interested in more information on the above plans, please contact us at:
Cobra Contact
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