Millennium Payroll Solutions

Cobra Administration

What is Cobra?

The Federal Consolidated Omnibus Budget Reconciliation Act (COBRA) is a federal regulation that

requires employers to offer employees the right to continue group health coverage following

termination or other qualifying event.

What you need to know:

  • As an employer, you are required to offer COBRA coverage if you offer group health plans and had twenty or more employees (or equivalents) in the previous calendar year
  • If not managed properly, employers are exposed to IRS excise tax, ERISA penalties, and more
  • A COBRA administrator can reduce your administrative burdens and keep you compliant

Start your COBRA administration with Payentry!

Our Benefits team gives you the tools to help your business stay on track and compliant.

Contact us today to get started.

© 2021 Millennium Payroll Solutions, LLC | Contact | FBLike us on Facebook | youtubeYoutube