COBRA Administration
and State Continuation Services
The Consolidated Omnibus Budget Reconciliation Act (COBRA) requires businesses to temporarily extend health coverage to employees and their beneficiaries following termination, loss of hours, or other qualifying events. Paychex Business Solutions (PBS) includes the tools you need to manage complex COBRA and state regulations, and keep your business in compliance.
Reduce Your Risk
While COBRA is a federal regulation aimed at businesses with 20 or more employees, smaller businesses may be required to offer state continuation of health coverage. Paychex Business Solution's COBRA Administration Service can help reduce the administrative burden associated with these laws, as well as your risk of costly violations.
Paychex COBRA Administration includes:
- Initiating and maintaining COBRA and state continuation programs.
- Sending timely notices to qualified employees.
- Receiving and remitting participant payments.
- Tracking terminations.
- Helping to comply with all COBRA-mandated programs.
- Answering questions through a toll-free number for employer and employee participants.
- Employer Web access that provides self-service convenience in accessing plan information, adding new plans, and entering qualifying events.
Automate the Process
Through payroll integration, PBS can automatically recognize your new hires and terminations. When these events occur, we'll contact you to confirm the situation, take note of your company's health coverage, and immediately begin the administration process.
Receive Compliance Assistance
Our highly trained specialists stay on top of changing COBRA and state regulations so you don't have to — giving you greater peace of mind.
For more about Paychex COBRA Administration, please view our demonstration.
Enhance Employee Benefits
COBRA Administration begins with health insurance. Through PBS, we offer affordable group plans along with Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), and other vital benefits for your employees.
Learn More
For more information about our products and services, please contact a Paychex representative at 800-322-7292, Monday through Friday from 8:00 a.m. to 8:00 p.m. ET. Or, complete our online form for a no-obligation quote.
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