Manage your COBRA coverage with ease and confidence
Is your business required to offer COBRA coverage? If you have 20 or more employees and a group health plan, you may need to offer certain employees and their qualified beneficiaries the option to continue their coverage following termination, loss of hours, or other qualifying events. Paychex can help, with our full range of COBRA administration services.
Save time and effort
Leave the daily COBRA administrative tasks to us, whether you’re setting up a new program or want some help managing your current program.
Get help with compliance
COBRA penalties may cost you more than $300 per family for each day not in compliance.* We help you monitor the laws so you can stay up to date.
Manage state continuation
Your state may also have laws requiring health insurance continuation, with their own penalties, even if you have less than 20 employees. We’ll help you manage those too.
What you can get with Paychex COBRA administration
- Get help starting and maintaining a program, or managing your existing program
- Send timely notices to qualified employees
- Receive help complying with COBRA-mandated programs
- Send request for initial COBRA notice for new hires and upon termination
- Track new-hire eligibility
- Remove terminated employees from coverage
- Communicate enrollments and terminations to the carrier
- Make premium payments on time**
Three ways to administer COBRA coverage through Paychex
Easy – Launch and manage your COBRA or state continuation program
Get help starting, maintaining, and managing a COBRA program or state continuation. We’ll send timely notices, receive and remit participant payments, and constantly track changes in the laws.
Easier – Simplify COBRA administration with Paychex payroll
When you use Paychex payroll, we’ll also be able to send requests for a COBRA notice for new hires and upon termination of qualified employees, simplifying your responsibilities even more.
Easiest – Combine COBRA with Paychex payroll and group health through Paychex Insurance Agency
Full integration with your payroll and group health plan means we can track new-hire eligibility, remove terminated employees, communicate with carriers, and make premium payments on time.**