ABA will help businesses navigate the tricky COBRA terrain and carefully asumes the administration of insurance continuation on a business’s behalf, relieving staff stress, endless paperwork and COBRA confusion and frustration.
WHY OUTSOURCE COBRA ADMINISTRATION?
It drains internal resources. By outsourcing COBRA administration to ABA, your business can get back to business as usual. Compliance is critical. Legal and regulatory issues involving COBRA are complex and stringent, and the fines and penalties for noncompliance can be enormous. Remember, COBRA isn’t a benefit, it’s a law—compliance is vital. Cost. ABA is efficient and effective. As a result, third-party COBRA administration can often be less expensive than similar in-house efforts. Distance. ABA can serve as a friendly but knowledgeable third-party buffer between terminated employees and a company.
WHAT IS DIRECT BILL ADMINISTRATION?
Direct bill administration allows ABA to collect and remit premiums to carriers or to you. We can collect premiums from retirees, employees on FMLA and benefit plan enrollees for broker products. In short, ABA is able to assist both employers and brokers with the collection and remittance of any kind of premium.
ONE SYSTEM MANAGES BOTH!
ABA utilizes a very robust and user friendly system that accommodates both COBRA and Direct Bill administration. This means only one login to manage both!
If you would like to explore our services and what we can offer contact us today at firstname.lastname@example.org.