COBRA Administration
The Consolidated Omnibus Budget Reconciliation Act of 1985, more commonly known as COBRA, is a federal regulation that requires employers to offer certain employees and their qualified beneficiaries the option to continue their group health insurance coverage following termination, loss of hours, or other qualifying events.
You may be required to offer COBRA coverage if your business:
- Offers group health plans to its employees, and
- Has had 20 or more employees during at least half of the typical working days in the previous calendar year.
Easy COBRA Plan Management with Payroll Integration
Our administration service integrates COBRA with your Paychex Payroll to reduce associated administrative tasks and paperwork. Lessen the paperwork burden even more and offer group health insurance through Paychex Insurance Agency.
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Best Value! |
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| Task |
Paychex COBRA Administration + Paychex Payroll + Group Health Insurance (via Paychex Insurance Agency) |
Paychex COBRA Administration + Paychex Payroll |
Paychex COBRA Administration |
Receive help starting and maintaining a program, or managing your existing program |
included |
included |
included |
Send timely notices to qualified employees |
included |
included |
included |
Receive and remit participant payments |
included |
included |
included |
Receive help complying with COBRA-mandated programs |
included |
included |
included |
Send request for initial COBRA notice for new hires |
included |
included |
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Send request for COBRA notice upon termination |
included |
included |
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Track new-hire eligibility |
included |
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Remove terminated employees from coverage |
included |
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Communicate enrollments and terminations to the carrier |
included |
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Make premium payments on time* |
included |
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*Availability depends on carrier selection.
Insurance offered through Paychex Insurance Agency, Inc., 150 Sawgrass Dr., Rochester, NY 14620. CA license #0C28207.