COBRA (The Consolidated Omnibus Budget Reconciliation Act) became law in 1985.
COBRA provides continuation coverage requirements applicable to group health plans and the individuals that lose coverage under such plans. There are specific guidelines and strict timetables to follow in both offering and electing to receive COBRA coverage.
For more information, history and legal obligations of COBRA click here. >>
EMPLOYER ADVANTAGES TO OUTSOURCING
- Comply with regulations
- Stop worrying about tracking legislation/laws
- No need to deal with ex-employees
- Avoid potential fines & claims exposure