Benico, Ltd. offers professional third party COBRA and HIPAA administration which includes the following services:
- Receipt of completed Notice of Qualifying Event (NQE) form from client by fax/mail
- Upon receipt of NQE form, we issue a Certificate of Creditable Coverage pursuant to provisions of the HIPAA law
- A subsequent Certificate of Creditable Coverage is issued at the end of the participant's 60-day enrollment eligibility period irrespective of enrollment decision
- Generation of COBRA Qualifying Event Notices to prospective COBRA beneficiary (such notices are sent via a certificate of mailing as proof that the notices are sent)
- Tracking of time frame from the time of notice to point of enrollment or expiration of the COBRA offer period
- Receive and keep account of premium payments which are reimbursed to the client company/organization. Weekly client reimbursement reports are generated
- Subsequent notices are sent on account of late/overdue premiums, cancellation of coverage on account of the non-payment of premiums, end of eligibility period, etc.
We outsource our clients' COBRA administration to eCOBRAdmin.com, a division of eflexgroup, based in Madison, Wisconsin. For more information about this service, please speak with Catherine Munch.
You can also view a COBRA Schedule of Benefits that includes timelines and basic compliance requirements.
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Last Updated on Tuesday, 29 April 2008 16:48 |
Employee Benefits Topics 
