| COBRA ADMINISTRATION |
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Are you aware that Federal COBRA Regulations change with each new Federal budget and court decision? Your organization is expected to know each regulation and react to changes accordingly and immediately. COBRA compliance can be financially devastating. Penalties for noncompliance impose a $100 per day violation excise tax for each qualified beneficiary during the noncompliance period to a maximum of $500,000.
If you try to comply with COBRA on your own, you may have unknowingly fallen into the COBRA noncompliance arena. In order to avoid costly government penalties and civil lawsuits, you must study, understand and interpret complex COBRA regulations and administer them properly. If your organization has limited resources or manpower to research the law and its updates, chances are, you are not in compliance. It's not for lack of effort on your part - COBRA noncompliance can be as minor as the way an envelope is addressed.
BCG removes your COBRA management burden and makes compliance easy. Simply notify us that a COBRA qualifying event has taken place and we take it from there.
To assist our members with the administrative rigors of COBRA compliance, BCG developed its own COBRA Management System. Since 1987, it has saved participating members countless hours of administrative work. The COBRA Management System includes:
If you are interested in participating in the COBRA Management System, please contact Trisha Chapman. |
