Cobra Compliance Solution
Valley offers the ability to track COBRA activities and the convenience of delegating the administrative tasks and regulation of COBRA compliance.
Noncompliance penalties can be costly.
- The IRS estimates that 90% of all employees are NOT in full compliance.
- COBRA policies and procedures are a standard component of an IRS corporate audit.
- Federal and State regulations can change quickly.
We can help alleviate the burden associated with COBRA administration:
- Mailing initial notices and federally required documents.
- Tracking employees who are COBRA eligible.
- Handling the correspondence needed for continued coverage.
- Collecting the health insurance premium payments and reconcile payments.
- Sending clients statements detailing the COBRA activity.
Providing access to COBRA benefit website where the employer can view documents and process qualifying events electronically.