Navigation Links
New Program Provides COBRA Relief for Third Party Administrators
Date:1/13/2010

MISSION, Kan., Jan. 13 /PRNewswire/ -- COBRAGuard, a certified COBRA administrator, announces the launch of a Third Party Administrator (TPA) program. Under the new program, COBRA administration is put into action under the TPA's own brand, allowing seamless value delivery. The TPA gains COBRA efficiencies and expertise without sacrificing the consultative client connection. Services include a dedicated phone line, dedicated account representatives, private labeling, comprehensive COBRA reporting including ARRA 941 and monthly remit reports, shared staffing arrangements and preferred tier pricing.

COBRA has always been complex to administer. But now, with the American Recovery and Reinvestment Act of 2009 (ARRA) premium subsidy and the recent extension, administration is more difficult than ever before. For third party employee benefit administrators, there's never been a better time to address this pain point by outsourcing COBRA responsibilities to a specialist.

ARRA, which was enacted in February 2009, includes a 65 percent COBRA subsidy that helps defray COBRA insurance premiums for up to nine months. A December 19 bill extended the COBRA subsidy expiration date from Dec. 31 to Feb. 28, 2010, and added six months to the subsidy to allow for a maximum of up to 15 months of assistance.

"Since the subsidy was introduced, studies have shown that the number of COBRA participants has doubled and the amount of work related to COBRA administration is three to five times what it was due to the confusion, tax implications and new reporting requirements under ARRA," said Cathryn Scivicque, Vice President of Employer Services. "For many third party health administrators, the best way to navigate through all of this is by outsourcing to a professional," said Robert Meyers, President of COBRAGuard Inc. "Especially now, as employers continue to cut jobs in this economy."

Using a COBRA administrator allows third party administrators to focus on what they do best -- managing employee benefits. And now, with an affordable, private-label option, health TPAs have an unparalleled opportunity to provide customer value while maintaining the highest standards and limiting their professional liability. Outsourcing creates a win for everyone involved.

About COBRAGuard Inc.

COBRAGuard Inc. is a Certified COBRA Administrator (CCA), helping employers control risks and liabilities, prevent adverse claims and save time and money. The company serves more than 3,000 organizations nationwide and it stands behind its services with a 100 percent compliance guarantee. For more information, visit the company's Web site at http://www.cobraguard.net. To learn more about the COBRAGuard's TPA program, contact Rick McCarthy at 913-499-4865 or Richard.McCarthy@Cobraguard.net.

This release was issued through eReleases(TM).  For more information, visit http://www.ereleases.com.

SOURCE COBRAGuard Inc.

RELATED LINKS
http://www.cobraguard.net

'/>"/>

SOURCE COBRAGuard Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine news :

1. The Search For the Fountain of Weight Loss ends with Mindful Healths Body Balance Program
2. The Lupus Foundation of America Seeks Applications for its 2010 Gina M. Finzi Memorial Student Summer Fellowship Program
3. Keenan Offers New Pharmacy Discount Card Program with No Eligibility Requirements and No Cost to User
4. Top-Rated Medicare Plan Now Offers Silver Life Fitness Program Free to its Members
5. NEI Guided Nutrition Program(TM) is Second Entrant in Medical Arsenal for Neuro-Endocrine-Immune Supersystem(C) Product and Testing Protocols
6. Allscripts Announces Rapid Implementation, Meaningful Use Guarantee, and Financing Programs for Electronic Health Records
7. PUR Water Filtration and P&Gs Childrens Safe Drinking Water Program Take Jessica Biel, Kenna and Other Cultural Influencers to Meet Those Affected by the Clean Drinking Water Crisis Before Embarking on SUMMIT ON THE SUMMIT: Kilimanjaro
8. Response to Governor Schwarzeneggers Proposed FY10-11 Budget and Recommended Cuts to States Homecare Program
9. Sharing Miracles Television Program to Feature Major League Baseball Star Aaron Boone
10. Bariatric Advantage Sets a Milestone in "Giving" with RECOVER Program Reaching Hundreds of Needy Weight Loss Surgery Patients in 2009
11. New Study Shows That American Public is Willing to Accept Major Reforms in Medicare Program
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/19/2017)... ... January 19, 2017 , ... Fillers ... and wrinkles. Few people know that popular cosmetic fillers can enhance ... who is medical director of the MilfordMD Cosmetic Dermatology Surgery & Laser Center, ...
(Date:1/18/2017)... FL (PRWEB) , ... January 18, 2017 , ... ... to manage it from the number one doctor-recommended OTC antiperspirant, Certain Dri. , ... often go untreated. , Certain Dri created this infographic to explain the seven ...
(Date:1/18/2017)... ... ... The V Foundation for Cancer Research, a top-rated cancer research charity, announced ... to compete in the Boston Marathon on April 17. From first-time participants to ... marathon to join Team V and support the Foundation’s mission to declare victory over ...
(Date:1/18/2017)... ... January 18, 2017 , ... Park ... financial planning services to families and business owners in the greater Kansas City ... children with developmental disabilities. , The Lakemary Center is a comprehensive educational resource ...
(Date:1/18/2017)... ... January 18, 2017 , ... Michael J. ... website for its Center for Biosimilars, announced Michael J. Hennessy Associates, Inc. President ... the field of biosimilars through thought leader interaction in, live video and interactive ...
Breaking Medicine News(10 mins):
(Date:1/18/2017)... Jan. 18, 2017  Kratom leaves, from a ... are often used to prepare tea-like beverages and ... million Americans annually to increase alertness, enhance well-being ... for minor aches and pains. PinneyAssociates, review of ... to assist FDA and DEA in determining the ...
(Date:1/18/2017)... , Jan. 18, 2017 Safe Rx ... of pharmacies based in Loveland, Colorado ... Vials (LPVs) in selected Good Day locations.     ... a cost-effective alternative for secure storage," said Milton ... less than the price of a cup of coffee, ...
(Date:1/18/2017)... 2017 Invetech, the leading developer of ... therapies , has announced a collaboration agreement with ... starvation" treatments for acute leukemia and other oncology ... Invetech will develop systems to enable the commercial-scale ... technology platform, which uses a novel technology to ...
Breaking Medicine Technology: