Outsourcing COBRA Right Now Is A Very Smart Decision
Updated: Jun 24, 2020
Outsourcing COBRA is a simple way to allow your company to do more with fewer employees in these unprecedented times.
Administering COBRA is a function many companies choose to do in-house. It’s a time-consuming task and must be done in accordance with government regulations, which include strict timelines for sending and tracking qualified beneficiary notifications. As more and more of your employees may be becoming eligible for COBRA due to the impact COVID-19, you may find that added volume of work becoming overwhelming. Now is the right time to consider outsourcing that task to Benelogic. We’re here to help!
Outsourcing makes sense for several reasons right now. Companies should be focused on their business and their bottom line. COBRA administration doesn’t benefit either. The number of COBRA eligible employees will increase. That means someone within your company will have to manage the process, tip to tail, and at a volume higher than normal. If corporate layoffs happen in stages, that adds to the workload by having to oversee multiple timelines. And, with companies all over the country enforcing telework policies for workers, having COBRA managed by our secure remote system, may greatly reduce privacy and security issues around sensitive employee information.
Benelogic has been providing COBRA services for two decades and has a dedicated COBRA department to service our clients. We offer it as a stand-alone service as well as an add-on service for our benefits administration clients. It’s our job to make sure you stay in compliance with the federally mandated requirements, which frees you up to do what only you can do – run your business.
Outsourcing COBRA is a sound decision and a simple way to allow your company to get a little leaner while staying strong. Contact us to learn more about our service offerings and get back to adding value, real value to your company’s bottom line.
If you would like to discuss COBRA or any of Benelogic’s other benefits administration services, contact us today. We are here to help.