ThrivePass COBRA & Decision Enablement is a full-service solution that simplifies COBRA administration and empowers departing employees to choose the best health coverage. It combines automated compliance processes with a recommendation engine that compares COBRA and Marketplace plans, helping users make informed, cost-effective decisions during employment transitions.
Vendor
ThrivePass
Company Website
COBRA
ThrivePass COBRA & Decision Enablement is a comprehensive solution that simplifies COBRA administration while empowering departing employees to make informed health plan decisions. By combining compliance expertise with a proprietary recommendation engine, ThrivePass helps employers reduce costs and streamline transitions, while offering former employees personalized guidance on COBRA and Marketplace alternatives.
Features
- Full-service COBRA administration and compliance support
- Automated COBRA notifications and online election management
- Decision Enablement tool for plan comparison and recommendations
- Side-by-side cost comparisons of COBRA and Marketplace plans
- Personalized plan suggestions based on health and financial data
- Online payment processing via ACH and credit card
- Alerts for upcoming due dates and declined payments
- Support for federal and state COBRA regulations
- Customizable programs for severance, LOA, and retiree benefits
- Secure, user-friendly digital experience for Qualified Beneficiaries
Capabilities
- Notify ThrivePass electronically to trigger COBRA notices
- Guide former employees through plan selection with tailored questions
- Recommend optimal plans based on total cost (premiums + out-of-pocket)
- Enable real-time plan comparisons and online enrollment
- Reduce employer liability and administrative burden
- Support compliance with federal COBRA and state continuation laws
- Provide seamless transitions for various employee exit scenarios
- Integrate with HR systems for streamlined data exchange
- Offer centralized visibility into COBRA activity and cost impact
Benefits
- Lower COBRA-related costs for employers
- Improved decision-making for departing employees
- Reduced risk of non-compliance and penalties
- Enhanced employee experience during offboarding
- Faster, more efficient COBRA election and payment processes
- Increased adoption of more affordable Marketplace plans
- Greater transparency into benefit costs and options
- Scalable solution for organizations of all sizes
- Trusted partnership with COBRA compliance experts