COBRA Administration
COBRA outsourcing has turned into the acknowledged strategy of reducing compliance risks while also reducing costs. THP COBRA keeps you in COBRA compliance and saves your company money.
When you partner with us, your account executive will coordinate with our COBRA administration including company setup and day-to-day service. Our COBRA services department will answer all your COBRA-related questions and provide answers to member inquiries and monitor your plan compliance.
Initial Set-Up
- Collect employer benefit information
- Set-up COBRA software and modify notices
- Communicate to existing COBRA members
Monthly Services
- Collect employer benefit information
Notificaton Services
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Administer general COBRA notices to new hires and newly covered members
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Termination notification
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Monthly qualifying event notification
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COBRA premiums short notification
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Change in COBRA premiums notification
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COBRA election notifications
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Multiple qualifying event notices as required
COBRA Member Services
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Generate premium coupons for new COBRA members
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Track election timelines
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Collect monthly premiums
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Provide customer service for COBRA members
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Deliver status notifications for COBRA members six months prior to end of COBRA
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Communicate to COBRA members NSF, checks, partial payments, credit balances
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Deliver termination letters when COBRA coverage is cancelled
Why Outsource With THP COBRA?
Dedicated Plan Administrator – Our COBRA services team will answer your questions and manage all of your COBRA members.
Rapid Setup Process – There is nothing to install or configure! We already have a system in place that your account executive and you will use to enroll your employees on our system.
Trusted Name – The Health Plan has provided excellent customer service, quality TPA administration and employee communication strategies for more than 30 years.