Consolidated Omnibus Budget Reconciliation Act (COBRA)

COBRA gives particular former employees, retirees, spouses, former spouses, and dependent children the right to a temporary continuation of their health coverage at group rates (plus a 2% administration fee).  COBRA coverage, though, is only available when coverage is lost due to specific events. 

Group health coverage for COBRA participants is generally more expensive than health coverage for active employees, as the employer usually pays some of the premium for active employees. COBRA participants generally pay the entire premium themselves.  Still, COBRA is in most cases less expensive than individual health coverage.

When you partner with Advanced Benefits Management for compliance needs, you can be assured of the best administration possible. We handle COBRA administration in-house. That means you are talking directly to the organization who is handling your COBRA administration, saving you time and confusion.