Our COBRA On-Demand Services
- Generating and sending all required COBRA notices to eligible participants/employees & beneficiaries experiencing a loss of coverage
- Collecting participant payments and transferring premiums to the employer
- Tracking of participant eligibility, premiums received, meeting all COBRA timelines
- Mailing and documentation services
- Notifying insurance carriers
- Monitoring COBRA compliance
What is COBRA?
The Consolidated Omnibus Budget Reconciliation Act (COBRA), is the federal law that requires employers with 20 or more employees to offer continuation coverage of their group health plans to covered employees, former employees, spouses, and dependents when group health coverage is lost due to specific events, like an employee’s termination or reduction in hours.
Running a business can be a juggling act. You need simplicity—a single place that offers everything you need to keep your business ready and resilient for whatever lies ahead.
At CDS, we have partnered to offer our clients a subscription to Mineral® HR: an award-winning online HR and benefits reference source. In many ways, Mineral HR acts as an ‘online HR department,’ providing your organization with a dynamic online HR library which includes step-by-step guidance on major HR tasks and access to industry-leading HR tools and resources.
The goal is that by offering Mineral HR, you will be able to spend more time doing what you do best and less time sorting out the pieces.
Mineral® HR features:
- Contact Experts: Connect with a Mineral Expert to get answers to your HR and compliance questions, including questions on documents or policies.
- HR Compliance Library: Single, searchable location to find laws, law alerts, how-to guides, checklist, forms and more to ensure you are following best practices and staying compliant.
- Smart Employee Handbook: Easily create and maintain employee handbooks. As laws and regulations change, receive an alert to keep your handbook current and compliant.
- What Matters: Get regular HR and compliance updates straight to your inbox so you stay on top of the changing landscape.
- Question of the Week: New to HR? Get up to speed through weekly emails featuring Q&A on trending HR topics.
- Job Description Builder: Create, save and customize job descriptions across a wide range of industries and functions.
- My Cases: Easily track your HR and technical support questions in a single location. You can submit a new question, view current status, and maintain a record of all responses for future reference.
Health Care Reform Services
- Large vs. small employer determination
- Pay or Play
- Determining employer coverage requirements and penalties
- Consulting on tax strategies including the Small Business Tax Credit premium
- Payroll and W-2 requirements
- Reporting requirements including:
- DOL employer exchange notice
- PCORI filing fee – Form 720
- ACA Reporting Forms – Form 1094 and Form 1095
- Summary of Benefit Coverage Statement (SBC)
