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COBRA Program
 | Date: September 2010 Type: Primer Document Format: Word Document Size: 30 KB Pages: 1 |  Registration required. Read Our Terms of Use |
This Word document is a template that outlines a company's responsibility to ensure compliance with The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), including the required follow-up communications to employees. Developing a process to ensure compliance with The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) along with the Health Insurance Portability and Accountability Act of 1996 (HIPPA) is required under the law. These laws protect an employee and their covered dependents rights to continue to receive Group Health Plan coverage for a specified time frame should their current coverage terminate for any reason.
Benefits
Using this tool, you will improve your company's knowledge of and compliance with several requirements under COBRA and HIPPA, and will minimize potentially costly legal ramifications as a result of non-compliance.
Time ROI
It takes on average 12 hours to familiarize yourself with the COBRA rules and regulations, plus develop the various documents, notices, and tracking forms needed for compliance. By using this tool, you will save a minimum of 11 hours initial development time, plus an undetermined amount of time based on the total number of employees losing health care coverage.
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