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THIRD PARTY ADMINISTRATION
COBRA Administration
COBRA administration is a complex process governed by constantly changing rules and regulations. Virtually every aspect of COBRA is extremely time-sensitive, so prompt and appropriate actions are critical. Potomac can take the worry out of COBRA administration by providing comprehensive, efficient, and compliant administration.
Potomac will:
• Assume liability for client COBRA administration procedures
• Send COBRA notification packets to "qualified beneficiaries"
• Communicate with employer and "qualified beneficiaries"
• Send election notices
• Provide premium payment coupons
• Send insurance payments and reports to employers
• Send late payment notices
• Manage grace periods for timely notifications
• Handle dependent communications
• Provide telephone support for COBRA participants and clients
• Determine if there's been a "Qualifying Event"
• Send expiration of coverage notices
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