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COBRA
law gives former employees or dependents of employees the right to
continue to receive health insurance under the employer’s health
plan(s) if their employment is terminated as a result of certain
events. COBRA law has very specific requirements with which
employers must comply including the lengths of coverage required if
someone elects to continue coverage.
Flexible
Corporate Plans will assume the administration of insurance continuation
on your behalf, relieving your staff of the attention and endless
paperwork caused by COBRA administration.
Why outsource COBRA Administration?
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The
administration of COBRA takes valuable internal
resources—resources that can be focused on your current
employees. By outsourcing to Flexible Corporate Plans, you can
focus on your business while we work for you in the background.
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Legal
and regulatory compliance issues are complex and stringent, and
the fines and penalties for noncompliance can be enormous.
Remember,
COBRA
isn’t a benefit; it’s a law. That’s
why compliance is so important.
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Third-party
COBRA administration is usually less expensive than the in-house
costs.
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Flexible
Corporate Plans provides a friendly
third party between terminated employees and your company.
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Corporate Plans’ staff has the knowledge and technology to
track and administer your COBRA plans. We eliminate the burden
of collecting premiums from your COBRA participants and tracking
their coverage period.
Flexible Corporate Plans will…
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COBRA
administration is both complex and time consuming. You can trust
Flexible Corporate Plans as your COBRA partner and be assured of
adherence to the many laws governing COBRA coverage, as well as be
relieved from the mountain of administrative hassles.
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