ACA Reporting
ACA Compliance Lessons Learned From Recent Reporting Seasons
Common themes emerge when reflecting on recent ACA reporting seasons that can help employers reduce administrative burdens and improve accuracy.
COBRA
Requesting COBRA Coupons
CCS provides monthly payment coupons for continuants to use to remit payment for coverage.
As a courtesy to continuants, Cobra Control Services (CCS) provides monthly payment coupons for continuants to use to remit payment for coverage. These coupons are not required by the COBRA law but are provided as a convenience for the COBRA continuant.
A group health plan subject to federal COBRA does not have to provide coverage to a qualified beneficiary until a timely election is made and required premiums are paid. Qualified beneficiaries have 45 days after the initial election for coverage to pay for that coverage. For months thereafter, continuants must pay by the premium due date but are given a 30-day grace period to make payment. A continuant must make timely payment without any reminders.
CCS mails payment coupons to the continuant’s home address after the qualified beneficiary elects continuation coverage. Typically, coupons for months through the end of the plan year are provided at the initial election. After the employer or broker provides CCS with premium rates for the next plan year, new payment coupons are mailed to the address on record.
Additional coupons can be requested at any time by making the request, in writing, to info@cobracontrol.com.
For questions about CCS’ COBRA services, please contact your account manager or email info@cobracontrol.com.
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.