COBRA is one of those benefits that’s critically important, but widely misunderstood. For employees, it often shows up during stressful life moments like job loss or reduced hours. For employers, that confusion can quickly turn into frustration, compliance risks, and an increase of questions your HR team has to field.
Tags: COBRA administration mistakes, COBRA administration services, COBRA administration outsourcing, COBRA benefit, COBRA administration partner, COBRA administration program
COBRA may not be glamorous, but the penalties are very real. The good news is that most costly COBRA problems come from a handful of small mistakes. Tighten these up, and you dramatically lower your risk!
Feel like you’re paying a lot for healthcare now? Well, no downturn in healthcare costs is expected in 2013, but on the positive side, there is no huge upturn expected either. A 2012 survey by PricewaterhouseCoopers’ (PWC) Health Research Institute projects a medical cost trend increase of a relatively flat 7.5 percent for 2013. Medical cost trend is an important factor that is used to project and formulate the cost health insurance premiums for employers and consumers.
Tags: cobra administration, health benefit costs, healthcare costs, medical cost trend, COBRA administration outsourcing, outsourcing COBRA
