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Products & Services
COBRA Administration (For Groups with 20 or More Employees)
Wellmark’s COBRA administration
services can help your clients save time, eliminate hassles,
and ensure their employee benefit plans are consistent with current
COBRA
regulations
and
requirements.
COBRA administration is only available for Wellmark Blue Cross and Blue
Shield products.
How It Works
Wellmark takes the hassle out of COBRA administration for employers by:
- Providing COBRA notices for group distribution to covered employees
and new enrollees as an initial notice and to qualified beneficiaries
at
the time of a COBRA qualifying event.
- Assisting with COBRA questions and issues.
- Providing customized COBRA election forms for group distribution at
the time of a COBRA qualifying event.
- Handling all premium billing and collection, including invoicing COBRA
participants and tracking payments.
- Sending rate change letters to COBRA participants or notifing COBRA
qualified beneficiaries of options available during open enrollment or
re-enrollment.
- Tracking eligibility and handling the required participant notification
during the final 180 days of coverage.
Key Selling Points
- Expert guidance. Wellmark’s experienced staff
stays informed on the legislation and rules that govern COBRA, so employers
have an expert team ready to assist with any COBRA issues or questions.
- Convenience. Employers benefit from having their
COBRA administration and health insurance with one company. Wellmark
works directly with participants
who elect COBRA coverage, saving your clients time.
-
Competitive pricing. Wellmark’s COBRA administration
services are affordably priced to meet clients' needs and budgets.
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