AccesseHR can help offload the tedious and heavily compliance laden COBRA process. The Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) was brought into law because too many employees were losing important medical coverage or experiencing continuous coverage issues.
From a compliance point-of-view, COBRA is jointly enforced by the Internal Revenue Service, the U.S. Department of Labor and the Department of Health and Human Services. Companies that are not in compliance with these provisions can face penalties.
AccesseHR offers relief from managing the COBRA process by letting our customers outsource the headaches associated with collecting employee benefit data, census information, dependants and life events, managing notification, and ongoing administration.