White Paper

How Your COBRA Administration May Leave You Exposed

Learn the processes you and your employer can implement to limit your exposure.

Download to help simplify COBRA compliance

Employers who don’t comply with COBRA can receive daily taxes and penalties from the IRS and ERISA.

The biggest COBRA mistakes involve notifying beneficiaries about their coverage in time.

Businesses should vigorously vet their potential HR tech provider about their COBRA practices, including how they automate processes and store documents.

Paycom’s COBRA administration software simplifies compliance, automates tedious tasks and helps you avoid exposure to costly violations.

The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a federal law many organizations simply must handle; therefore, COBRA compliance may present a serious risk of exposure. Despite this knowledge, many employers required to offer COBRA remain out of compliance.
The increasing number of COBRA lawsuits is staggering, and businesses that cannot ensure adherence to regulations are paying for it with exorbitant fines and settlements. In one court case, an employer was ordered to pay nearly $120,000 for its failure to comply.
In this white paper, you’ll learn:

what COBRA is
three questions to ask a potential COBRA administrator
three reasons why Paycom’s COBRA administration works

To learn more, download the How Your COBRA Administration May Leave You Exposed white paper.