COBRA Administration. Xxxxxx agrees to assist the Employer in meeting the Employer’s responsibilities with respect to the continuation of health coverage required by Federal law or similar state laws (hereinafter referred to as “COBRA”) for the health plan(s) maintained by the Employer listed on Schedule 1 attached hereto (collectively referred to as the “Plan”), for the fees set forth in Exhibit A hereto as amended from time to time by Xxxxxx.
COBRA Administration. The TPA is responsible for providing full administration of the COBRA, including, but not limited to:
1. Distributing Initial Notice of Continuation of Coverage to new employees;
2. Maintenance of all COBRA eligibility;
3. Automated process for sending out COBRA notifications after employee termination;
4. Ability for participants to electronically enroll in COBRA;
5. Electronic monitoring of COBRA notification errors; mailing hardcopy notices if needed;
6. Receipt and maintenance of rejection forms;
COBRA Administration. If you want isolved Benefit Services to process premium remittances and carry out other related activities, please complete the following information. Providing this information allows for quicker reimbursements. • On a monthly basis, isolved Benefit Services will generate and deliver Premium Remittance Reports through our secure website (i.e., the Download Center). These reports will be available to the client on the first business day of each month and will identify the remittance amount that will be sent by direct deposit. • isolved Benefit Services will send direct deposits of premiums within five business days of the delivery of the Premium Remittance Report. isolved Benefit Services will also generate and deliver any Voucher Premium Invoice Reports through the Download Center on the first business day of each month. • isolved Benefit Services may deduct fees from your remittance (saving you time and cost of generating a check back to us) in the event that funds are required from the company for payment of remittance related activity, including but not limited to, Voucher Premium Invoice Adjustment, Refund Adjustment or NSF Adjustment. In the case where fees are deducted from your remittance, please refer to additional report documentation(s) at the time of the deduction. Company name (Employer): isolved Benefit Services Company #: Opt Out: I request Premium Remittances via a paper check. I am aware of a $10 fee, per check, as a handling charge will be deducted for each remittance that is sent via a paper check. Depository Name: Branch: City: State: Zip: Transit/ABA Number (Must be 9 digits): Account Number: This Banking Authorization is hereby incorporated into the service agreement between the parties, and this Banking Authorization supersedes the terms and conditions of the service agreement to the extent that it contradicts any provisions related to premium collection services. This authority is to remain in full force and effect until isolved Benefit Services has received written notification from the above name d company of its termination in such time and in such manner as to afford isolved Benefit Services and depository a reasonable opportunity to act on it. By your signature below, you agree that isolved Benefit Services is not responsible for any unauthorized access to an account that is beyond its reasonable control. Signed: Date: Printed Name Title Phone 1. PREAMBLE AND DEFINITIONS. Pursuant to the Health Insurance Portability and Account...
COBRA Administration. If you want isolved Benefit Services to process premium remittances and carry out other related activities, please complete the following information. Providing this information allows for quicker reimbursements.
COBRA Administration. On October 25, 2020, and monthly thereafter, Benefitfocus will invoice Client based upon the greater of: (i) the respective monthly minimum fees stated above; or (ii) for the actual population of Covered Employees, as defined in the Cobra Appendix, loaded within the COBRA Application multiplied by the applicable PCEPM rate. Covered Employees shall be counted as of the last day of the prior month, but for the first month, the count shall be determined by the initial data load.
COBRA Administration. If Company is subject to COBRA (employers with twenty (20) or more employees on more than 50% of business days in the prior calendar year), Contract Administrator shall provide COBRA Administrative Services for the Plan. It is understood that Contract Administrator’s provision of COBRA Administrative Services to Company does not relieve the Company of their notification responsibilities of qualifying events and the time limits defined by COBRA regulation for such notification. The Company agrees to indemnify and hold Contract Administrator harmless from all claims, loss, damage and expense arising from any failure of Company to provide Contract Administrator with timely notification of qualifying events.
COBRA Administration. GBS features an in-house COBRA Services Department to provide full COBRA administration to clients at no charge. We will help the County stay compliant by mailing out all required notices and letters, processing COBRA enrollment forms, and collecting premiums from participants. GBS is here for you when you need HR advice from an expert. Xxx Xxxx, SPHR, SHRM SCP is our HR consultant operating from our Salt Lake City office. Xxx Xxxx was a former Vice President of Human Resources for an 8,000-employee company with over 114 physical locations. Clients can call or send an email to discuss solutions and receive guidance. Xxx also works with our clients’ in-house council on a regular basis. In addition to Xxx, GBS provides access and support through an online HR resource library. HR related forms, documents, and policies are made available to the County including: FMLA forms, letters, policy and procedure templates, disciplinary action forms, ADA forms and documents, offer letters, severance agreements, and job description templates. myGBS HR Portal is your go-to resource to find the content and tools you need to help you stay compliant, manage risk and build a better workforce. Our portal features: › 24/7 access to exclusive compliance information, training, people and risk management tools you can use to avoid costly lawsuits, claims and fines › Accurate compliance information regarding ACA, FMLA, COBRA, OSHA and more › Alerts and notifications to help you stay up-to-date when content and legislation is updated › User-friendly solutions that will assist you in getting more done in less time › HR and compliance assets you need to do your job more effectively Self-funding requires experience and specialized expertise from the quoting process all the way through the administrative services agreement implementation. GBS provides full-time, in-house self-funding experts who will work with your Consultant Team to guide your organization through self-funding implementation, document management, risk mitigation, and plan consultation and support. One of their most valuable contributions to this process is a line-by-line review of all plan documents to ensure your plan covers what you intend it to and excludes what you don’t. They also provide recommendations to our clients’ legal council regularly.
COBRA Administration. BRMS shall provide COBRA administration services to CITY for all health plans provided to CITY employees and retirees, including but not limited to, Kaiser, Dental and Vision benefit plans as follows:
COBRA Administration a. Commencement of the COBRA Administration invoicing for the respective Phase shall begin upon the sooner of (i) that date when COBRA Administration is made available to use to Client under essentially normal operating conditions for the respective Phase; or (ii) that date upon which the COBRA takeover notice is sent for the respective Phase (the “Commencement of COBRA Administration”).
b. Upon Commencement of COBRA Administration, and monthly thereafter, Benefitfocus will invoice Client based upon the greater of: (i) the respective monthly minimum fees stated above for the then-current Phase; or (ii) for the actual population of Covered Employees, as defined in the Cobra Appendix, loaded within the COBRA Application multiplied by the applicable PCEPM rate for all live Phases. Covered Employees shall be counted as of the last day of the prior month, but for the first month, the count shall be determined by the initial data load.
c. If in scope, the fees for the Additional Buy-Up Services will be invoiced as incurred.
d. Additional Pricing Conditions and Assumptions:
i. Covered Employees enrolled in more than one COBRA-Eligible Plan are counted only once.
ii. Benefitfocus will collect and retain COBRA administrative fees from COBRA Continuants in the amount of two percent (2%) of COBRA premiums or the maximum amount permitted by law, whichever is greater
COBRA Administration. The Plan Administrator is responsible for all aspects of COBRA Administration; provided, however, the Plan Administrator may delegate its duties and responsibilities with respect to COBRA to a service provider selected by the Plan Administrator. If requested by the Plan Administrator, BCBSNC will assist in arranging for COBRA administration services to be provided to the Plan Administrator by an outside COBRA administrator, which may be Ceridian COBRA Continuation Services or another vendor selected by the Plan Administrator. Notwithstanding any contrary provision of this Agreement, the Plan Sponsor and the Plan Administrator understand and acknowledge that BCBSNC does not assume any responsibility hereunder for COBRA administration services or for determining an individual’s eligibility for COBRA coverage.
