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COBRA Administration Reduce Risk and Liability
COBRA - Consolidated Omnibus Budget Reconciliation Act
Did you know that the vast majority of companies in the United States are out of compliance with COBRA regulations? Why risk it? The penalties are steep. Accurate Insurance Solutions can manage the process for you with our COBRA administration service.
Accurate Insurance Solutions administration will coordinate every aspect of COBRA administration, from start to finish. For Accurate Insurance payroll clients, this process is completely seamless due to direct integration between COBRA and payroll systems.
Accurate Insurance Solutions COBRA administration will manage all necessary communications, notices, forms, and recordkeeping.
COBRA Fines and Legal Fees
COBRA mistakes carry real financial consequences such as IRS excise taxes, ERISA fines and legal fees.
Each qualified beneficiary could potentially incur an excise tax of $100 per day. ($200 per family maxium), as well as additional penalties of up to $110 per day for failures by nongovernmental plans.
Our simple 3- step process makes it easy for you to ensure that your COBRA obligations are fulfilled, our services stay on top of these ever changing and complex regulations so you don't have to.
