COBRA Administration Services
Benefit Information Services, Inc. (BIS) understands the complexity of the laws and offers a proven history of efficient, accurate administrative services backed by thorough documentation and strict adherence to the law.
An efficient, proven process exists for assuring your company's unique requirements are met. Administration services are structured for each client to incorporate all requirements, whether emanating from Federal or State laws.
Through proper administration of COBRA—maintaining coverage only for qualified individuals for the time periods dictated by law—your company can realize savings in overall healthcare costs.
COBRA administration includes the following services:
- Mass population mailing for General Notification
- New hire notification
- Qualified Event Notification
- Certification of Prior Creditable Coverage (HIPAA)
- Customized administration forms and manual
- Facilitate carrier terminations, additions, and changes according to established process
- Monthly COBRA reports detailing participant billing activity, premiums, remittances, qualified beneficiary effective dates, election dates and coverage end dates
- Monthly invoices to qualified beneficiaries
- Premium collection and distribution
- Change in premium notifications
- Federal and State Continuation compliance
- Severance package billing continuation
- Open enrollment and education
- Online information for both Employer and Continuee
- Toll free line of 1.800.761.1934
- Web site www.bis-mn.com