J.P. Farley provides a full range of COBRA services from the initial notification process to the collection of COBRA payments.
Qualifying events for COBRA can be reported electronically via our website, by fax or by mail. This starts the process whereby J.P. Farley Corporation will notify the employee of the election process and rates. Subsequent to election, the payment process is tracked and monthly reports are available to the plan.
Direct deposit of COBRA premium payments is available, as is weekly updating to the medical Plan Administrator.
Our COBRA Administration Services Include:
- Process termination form/input data into system
- Produce initial notification and send to eligible participant(s)
- Handle telephone inquires related to COBRA
- Process applications for request to participate
- Calculate rates applicable for the electee(s)
- Send second letter with coupon book to make payments
- Collect monthly premium payments from participant(s)
- Track past due premiums; send termination notices to participant(s)
- Forward premium payments onto employer group
- Update eligibility based on payment of premiums
- Produce monthly reports based on activity
4 Questions to Ask About Your Current COBRA Administration:
A dedicated J.P. Farley employee will be assigned to you with a direct dial number and email to ensure your needs are always met.
J.P. Farley will provide one low fixed PEPM price to your plan for COBRA administration.
As a COBRA administration, we process and mail COBRA event letters daily.
J.P. Farley provides custom reports in a timely manner.
COBRA administration is provided by J.P. Farley Corporation as a regular function of the eligibility services area for clients who utilize our Medical Administration Services as part of our basic administration services. COBRA Services may also be administered independent of other services.
Need a better health plan?
Health benefit plans are changing at a rapid pace – which can be very difficult to follow.
At J.P. Farley, we do the work for you – offering customized health benefit plans that meet the needs of your employees. Our plans provide everything you need plus the cost savings and flexibility you deserve.