Paycom's COBRA Administration HR Software is a comprehensive solution designed to streamline the complex process of managing COBRA benefits. It automates compliance tasks, handles administrative duties, and helps shield companies from potential fines and penalties associated with incorrect COBRA management. The software integrates seamlessly with other HR functions, providing a single system of record to minimize data errors and ensure efficient COBRA administration.

Key Features

Automated Compliance Management Ensures adherence to COBRA regulations and minimizes risk of violations

• Monitors regulation changes
• Triggers notifications for qualifying events
• Tracks key dates and activities

Streamlined Communication Handles all necessary correspondence with COBRA participants

• Mails required notices via certificate of mailing
• Communicates with participants on behalf of the company
• Facilitates online premium payments

Comprehensive Reporting Provides detailed insights into COBRA administration processes

• Generates customizable reports
• Displays participant enrollment status
• Allows setting of COBRA rates by benefit plan or case-by-case

Benefits

Reduced Administrative Burden Alleviates the complexities of COBRA management for HR teams

• Automates compliance tasks
• Delegates administrative headaches
• Lowers risk of data errors through single system of record

Enhanced Compliance and Risk Mitigation Helps protect businesses from COBRA-related legal issues

• Shields company from potential fines and penalties
• Ensures timely and accurate notifications
• Keeps track of all COBRA-eligible events