| COBRA is a federal law which requires that employers (who employ
20 or more employees on at least 50% of the working days during
the preceding calendar year) provide employees the option of continuing
their existing health, dental and/or vision coverage under circumstances
of termination of employment; reduction of hours below the minimum
required for eligibility; death of the employee; divorce/legal separation;
loss of dependent status under terms of the insurance contract;
Medicare entitlement; military reservist reactivation; or Chapter
11 bankruptcy proceedings - with premiums being paid by the employee.
Some states also have enacted their own COBRA laws.
COBRA Plan Administrators at Associates In Excellence are knowledgeable
in establishing new plans, as well as experienced in reworking
procedures for better efficiency in taking over in the administration
of existing plans. Through careful and qualified administration,
Plan Administrators ensure the plan's continued compliance with
COBRA requirements. Step-by-step instructions are provided to
Employer for minimal company tasks related to COBRA plan maintenance.
Premium payments are collected and timely processed by Associates
In Excellence, with related monthly reports being generated and
provided to Employer.
Employers who currently maintain and administer their own COBRA
plan may want to consider independent third-party plan audit services
offered by Associates In Excellence, in proving their "good
faith compliance" with COBRA regulations.
For more information:
Download or view the AIE Cobra
Brochure (Requires FREE Adobe
Acrobat Reader)
Contact our cafeteria department at cobra
at aiebenefits.com.
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