Simplify your organization's COBRA Administration needs with help from our experts

Lifetime Benefit Solutions will handle your COBRA administration needs quickly and accurately. We are an experienced, knowledgeable partner, offering COBRA Administration and reporting since 1986. We are industry leaders in client support with a superior client website and easy-to-use mobile app.

What is COBRA?

The federal law known as COBRA (Consolidated Omnibus Budget Reconciliation Act) requires most employers to offer a continuation of health coverage to qualified beneficiaries who lose coverage due to a qualifying event. Failure to comply with COBRA may result in a company being liable for:

  • IRS penalties
  • Damages
  • Former employee claims
  • Department of Labor lawsuits
  • Department of Labor fines
  • Attorney fees
 

Compliance can be complicated

Understanding the COBRA laws and related regulations and how they apply operationally to the administration of COBRA is complex. LBS can assist you with meeting your obligations under COBRA. Administratively, your COBRA responsibilities begin with an initial COBRA notification to covered employees and dependents and continue with activities such as:

  • Qualifying event-related COBRA notification and/or extensions
  • Collection and premium payments
  • Tracking and documenting when notifications were mailed

Failure to provide certain notices under COBRA could result in fines of up to $110 per per day per failure and IRS excise taxes up to $200 per family per day. In addition, litigation costs, including potential damages and attorney fees.

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Our COBRA services by the numbers

  • Get dependable service from LBS's knowledgeable COBRA certified specialists with 30 years of experience
  • Enjoy speedy processing - we strive to process 90% of COBRA notifications within five business days of receipt. 100% are completed within the 14-day requirement for processing
  • All payments are processed on the day that they are received- one business day
  • All client requests of inquiries are processed within three business days
  • Make informed decisions with real-time reporting available 24 hours a day via client web portal access

Reporting

Lifetime Benefit Solutions offers a variety of reports on specific data, including on-demand web-based reporting.

Financial Reporting

  • Bi-weekly disbursements
  • Payment posting logs
  • Billing history
  • Partial payments
  • Payment detail

Administrative Reporting

  • Notified members
  • Enrolled members
  • Census reports
  • Coverage reports
  • Premium detail
  • Division reports
  • Terminated members

Streamline rate renewal with our online portal

At LBS, we value your time. We’ve replaced a time-consuming paper-based process with a simpler, faster online experience.

  • Make rate changes to existing plans
  • Add or terminate new plans or carriers
  • Change coverage levels
  • Get reminders 60, 45, and 30 days before renewal
  • Grant access to your broker for help managing the process

COBRA Portal Login

Note: LBS is not a law firm. The materials provided are for informational purposes only and do not constitute legal advice. State laws may vary with respect to continuation of coverage. Please consult with your own legal counsel for the legal requirements that may apply to you or your employees.

 

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