COBRA/HIPAA Administration
COBRA and HIPAA are federal laws that require the temporary continuation of certain employee benefit plans if employee coverage ends. Employers must comply with COBRA laws if they maintain a group health insurance plan and have 20+ full- or part-time employees during 50% of the business days in the previous calendar year.
Aflac can provide a solution designed to handle the complex, difficult tasks associated with adhering to COBRA/HIPAA laws. This includes complete COBRA administration to help reduce your administrative duties and avoid any legal liabilities.
By allowing Aflac to provide a solution, here's what you will get to help manage your small business:
- Send initial notification letters to all employees and dependents who become eligible after administration begins
- Handle qualifying event notifications, which include general information about COBRA, an enrollment form, a premium computation form, and a HIPAA certificate
- Accept and process payments from the qualified beneficiary
- Work directly with employers' insurance companies to report eligibility, changes, and terminations
- Generate detailed monthly reports for clients and insurance carriers
