COBRA is a law that requires organizations with 20 or more employees to offer the continuation of group health benefits to employees and their covered dependents upon experiencing a “qualifying event,” like job separation. COBRA law is very strict and companies can pay significant fines just for missing one of the many COBRA deadlines. For a small business (or any business) this can mean survival or failure.
Employers are required to provide initial COBRA notification to covered employees and dependents, a letter detailing an individual’s rights upon experiencing a “qualifying event,” and an explanation of the conversion privilege. Having the Locklin Group administer this program for your company will allow you to focus on running your business, not worrying about the law.