Locate Your QELs in MyEnroll360
Did you know that when you process a COBRA or Continuation of Coverage qualifying event letter in MyEnroll360 it is available for download on the next business day?
Question of the Week - Changing COBRA Vendor
Q.- We are changing COBRA vendors September 1 and we just offered a former employee COBRA coverage. Do we have to give the full election period since we are changing vendors? We
Q.- We are changing COBRA vendors September 1 and we just offered a former employee COBRA coverage. Do we have to give the full election period since we are changing vendors? We want to tie everything up before September 1.
A.- Plans must give each qualified beneficiary at least 60 days to choose whether or not to elect COBRA coverage, beginning from the date the election notice is provided, or the date the qualified beneficiary would otherwise lose coverage under the group health plan due to the qualifying event, whichever is later. Changing COBRA vendors is not a reason to shorten the 60 day election period.
Benefit Allocation Systems (BAS) provides online solutions for: Employee Benefits Enrollment; COBRA; Flexible Spending Accounts (FSAs); Health Reimbursement Accounts (HRAs); Leave of Absence Premium Billing (LOA); Affordable Care Act Record Keeping, Compliance & IRS Reporting (ACA); Group Insurance Premium Billing; Property & Casualty Premium Billing; and Payroll Integration.
MyEnroll360 integrates with major insurance carriers for enrollment eligibility management (e.g., Blue Cross, Blue Shield, Aetna, United Health Care, Kaiser, CIGNA and others), and with leading payroll platforms for enrollment deduction management (e.g., Workday, ADP, Paylocity, PayCor, UKG, and others).
This article is for informational purposes only and is not intended as legal, tax, or benefits advice. Readers should not rely on this information for taking (or not taking) any action relating to employment, compliance, or benefits. Always consult with a qualified professional before making decisions based on this content.
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