| Home | FSA - HRA - HSA |
| Contact Us | Company Brochure |
|---|---|
| Products | Quotes |
| Services | Testimonials |
| Online Benefit Administration | Mission Statement |
| Self Funding | Brokers |
| Wellness Programs | Affiliates |
 |
 |
 |
Employee Benefit Consulting and COBRA
An additional facet of employee benefit consulting is the maintenance and application of COBRA insurance for past employees and dependants. This coverage must be extended to any employee whose employment had been terminated for any reason other than gross misconduct. There are also allowances for spouses and other dependants based on a specific set of qualifying events. While the coverage is paid by the individual current premium plus a 2% administration fee and adhere to the laws as stated. By utilizing a complete online service, companies can alleviate the financial burden this may cause.
COBRA insurance is extended to any previous employee for up to 18 months after the date of termination, and extended periods for certain situations. It is required that the employer temporarily provide group coverage for that employee in the same manner that it was covered during the employment and there is a fairly complex set of regulations for the administration of these benefits. Using an employee benefit consulting firm can help be sure that the company is adhering to the laws, while also remaining cost-effective.
There are very specific regulations and requirements for navigating COBRA laws. A company with as few as 20 employees will fall into the required range for offering coverage. Utilizing a consulting firm can help avoid any unnecessary penalties or costs to the company and can help streamline the COBRA coverage.
Also see: Employee
Benefits Brokers
Benefit Consulting New York
L.L.L. Employee Benefits & Insurance Brokerage, which offers benefit consulting New York, provides complete online benefits administration and can increase your company's bottom line. The online platform reduces corporate overhead in the administrative cost that hard copy handling of enrollment forms, payroll, HIPAA notification and certification, and COBRA processing would require. If your company needs benefit consulting New York, New Jersey, or Pennsylvania, contact L.L.L. Employee Benefits & Insurance Brokerage.
