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COBRA
The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) requires most employers to offer continued coverage for plan participants who no longer qualify as active participants on the plan. This federal law has gone through many changes and has numerous requirements that 3PAdministrators has followed and can handle for employers. We provide the employer with the initial notice that must be mailed to all plan participants. Election packets are sent directly to qualified beneficiaries and we monitor the election period. For those participants who choose continuation coverage, we send monthly premium notices, track timely payments, verify continued eligibility and the length of time coverage is available.
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