The Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1986 is a complex law with unique administrative challenges for employers. Severe penalties for non-compliance place employers at risk if they are unable to manage the administrative process in accordance with ever-changing COBRA regulations.
In today’s competitive business climate, employers are doing everything they can to shift their focus back to their core business — and away from administrative tasks that frustrate staff and contribute nothing to the bottom line. There is little benefit to handling COBRA in-house, and, if not handled properly, there are many potential liabilities. Outsourcing COBRA will reduce the administrative burden, allow you to focus on your core business, manage your risk of liability, and potentially reduce your claims costs.
BayPoint provides a comprehensive and robust COBRA administration solution, thus eliminating hassle and risk for our clients, and allowing them to focus resources on their business’s core competencies. The site provides 24-hour access to critical COBRA information for participants and employers, including electronic eligibility reporting, qualifying event updates, billing and collection, and robust reporting capabilities. All online information is within a compliant, fully protected, and technologically advanced environment.