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COBRA

As an employer, you must comply with all federal and state laws governing continuing benefits for employees, former employees and their beneficiaries. You must also administer COBRA benefits fairly and evenly. We can help.

Benefits of outsourcing COBRA administration
By using OptumHealth Financial Services as your COBRA administrator, you can:

  • Benefit from experience. Working with a professional COBRA administrator helps you address the risks of fines, penalties, litigation and claims rejection.
  • Work efficiently. Cut costs and time spent training and updating staff about on-going statutory, regulatory and case law developments.
  • Provide coverage fairly. Ensure equitable treatment of your employees and other participants by using an unbiased benefits administrator.

Why use OptumHealth COBRA administration?
Our clients use OptumHealth Financial Services for COBRA administration because:

  • We’re experts. We monitor emerging statutes, regulations and court cases that impact how plans maintain compliance with COBRA, HIPAA and state continuation benefits.
  • We’re easy to work with. We provide you with a designated account manager to answer your questions or put you in touch with technical experts. If your plan sponsors and beneficiaries want to manage benefit status and other information, they can do so any time online.

Continuing coverage administration services from OptumHealth
Our comprehensive COBRA and state benefit continuation services include:

  • COBRA administration installation — We'll set up your program and transition your qualifying beneficiaries to the new system.
  • Communications and mailings — We'll take care of all required notices and forms for participants and communicate COBRA elections and terminations to plan carriers.
  • Compliance — We monitor election and grace periods. We also stay on top of emerging statutes, regulations and court cases.
  • Billing — We'll collect payments and send payment reminders as necessary.
  • Payments — We'll send you a monthly check for all premiums received during the month.
  • Reports — We'll send you detailed monthly reports of all COBRA activity.


Questions?
Call 1-866-427-6804 to speak with a representative or fill out our contact form to request a call back.

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