PERPLEXING RULES, CALCULATIONS& ADMINISTRATION

1Example of a confusing calculation:“….at least 20 employees on more than 50 percent of its typical businessdays in the previous calendar year. Both full- and part-time employees arecounted to determine whether a plan is subject to COBRA. Each part-timeemployee counts as a fraction of a full-time employee, with the fractionequal to the number of …”….U.S. Department of Labor on “Group HealthPlans Subject to COBRA1

[25]

SIGNIFICANT FINANCIAL PENALTIESEmployers are on the hook for COBRA mistakes

and often face IRS fines; Department of Labor (DOL)audits and enforcement activities; employee lawsuits andother negative actions.

Your COBRACompli™Opportunity

Deliver the right level of COBRA compliance & administration services to SMBs with 20 or more

employees. Those who offer group health plans must comply with this complicated federal law.

Number of days COBRA administration mayrequire an SMB to track for each affectedemployee

Written notices COBRA administration mayrequire an SMB to provide for each affectedemployee

[29]

Non-compliance penalties per each qualified plan participant

IRS & ERISA PENALTIES FORA FAMILY OF 4 FOR 90DAYS OF NON-COMPLIANCE:

$100 PER DAY

$110 PER DAYIRS excise tax ($200 per day maximum)

ERISA civil penalties (no maximum)

$57,600Jan $210 +

Spouse $210 +

Child 1 $110 +

Child 2$110

2

$640 x 90 days of non-compliance =

ADD VALUE

GROW PROFITS

KEEP COMPETITORSAWAY

1. https://www.dol.gov/sites/default/files/ebsa/about-ebsa/our-activities/resource-center/publications/an-employers-guide-to-group-health-continuation-coverage-under-cobra.pdf

1 The Independent Payroll Provider Partner Program | From MyHRConcierge

on your payroll business

COMBATTHE SQUEEZE

ALERT *** COBRA Can Squeeze the Life Out of Your SMB Customers in 2 Ways *** ALERT

Deliver COBRA Services Your SMBs ValueCombat Competitive ThreatsCOBRACompli, a next level COBRA administration service from MyHRConcierge, gives you a way to

add real value for your SMB customers and keep competitors away.

Customers Will Stick with YouCOBRACompli lets you ease your SMB customers’ worries with an easy, affordable, secure way to

handle COBRA administration. Customers will appreciate the peace of mind you provide to them with

COBRACompli.

Make Value & Profits Happen Now With COBRACompli, you can quickly offer valuable COBRA administration services and build a prof-

itable revenue stream. We help you stand out from competitors who simply automate COBRA admin

processes and support them with a call center.

COBRACompli’s unique customer-focused service model combines knowledgeable experts who deliver

personal service to your customers with streamlined processes and a secure back office infrastructure.

2 The Independent Payroll Provider Partner Program | From MyHRConcierge

• Reduce financial risk from COBRA non-compliance

• Streamline COBRA administration for them

• Decrease their business overhead

• Meet their COBRA deadline & documentation requirements

• Stay on top of ongoing changes to COBRA regulations

• Respond quickly & accurately to inquiries

• Save time, dollars & hassle by partnering with the COBRACompli team

1 point of contact | 1 implementation | 1 invoice

COBRACompli’s unique customer-

focused service model combines

knowledgeable experts who deliver

personal service to your customers

with streamlined processes and a

secure back office infrastructure.

The COBRACompli™ Services SuiteProtect your SMB customersfrom financial risk with COBRACompli’s Administration and Support

Ask Us AboutTax-Advantaged PlanDesign & SupportWe can help design andsupport a tax-advantagedcompliant COBRA plan foryour SMB customers.COBRACompli

AdministrationCOBRACompliSupport

Trust the COBRACompli team of expertsfor customer-focused support that helpsyou navigate intricate COBRA rules

• Easy-to-understand, precise guidancetailored for the SMB’s business objec-tives, workforce and situation

• Help for SMBs and their participantswhen they need it

• Convenient, secure online access forthe SMB and their participants

• Monitoring of and quick response tochanges in COBRA regulations andcomplex situations

• Rapid system and process updates toaddress COBRA legislation changes

• Reports on all COBRA activity

1

2

ELIGIBILITY REQUIREDNOTICES

OPEN ENROLLMENT

PREMIUMCOLLECTION

RECORDKEEPING

CARRIERNOTIFICATIONS

AND MORE

MONITORCOBRA REGS

EMPLOYER REQUESTS

ACTIVITYREPORTS

PARTICIPANTINQUIRIES

ONLINE ACCESS

3 The Independent Payroll Provider Partner Program | From MyHRConcierge

Count on COBRACompli to handle theadministration details for your SMBcustomers• Send required correspondence to qualified

employees • Track dates• Collect premium payments from participants

promptly• Remit premium payments to the employer with-

out delay• Communicate enrollments to the carrier• Remove terminated employees from coverage

$

?

www.myhrconcierge.com855-538-6947 Ext. 108

ccooley@myhrconcierge.com

FREE Consultation for Independent Payroll Providers

Contact Chris Cooley:

The COBRACompli™ Difference

Count on us to help your SMB customers start and run a new COBRA

administration program – Or manage an existing program. They can rely

on COBRACompli to handle the complex details that often drain their

time. It frees SMBs to handle what really matters to their business.

Designed for SMBsCOBRACompli enables you to deliver a more personal, simpler and more affordable approach toCOBRA compliance that focuses on the needs of SMBs.

Reach a Person Vs a Call CenterOur COBRACompli experts know business, workforce management, federal and state complianceincluding COBRA as well as benefits. This enables us to support the specific needs of each customerrather than simply spouting out COBRA regulations.

Solid & Secure InfrastructureThe COBRACompli platform and processes are built to managethe complexities of compliance within a secure environment.This includes a leading, enterprise-class, central system of recordfor COBRA administration.

Always Available to Your Clients & Their ParticipantsCOBRACompli delivers a full-featured online experience for SMBs and theirparticipants. They get secure, real-time access to information through an onlineportal.

Build CompetitivePayroll BundlesAdd low-cost HRservices SMBs value

Offer a Higher Levelof HR SupportAdd services SMBs can grow into

Step Up to EmployeeBenefits SolutionsFend off old & newcompetitors

The Independent Payroll Provider Partner Program | From MyHRConciergeMake it easy and affordable with a la carte HR services [ click here for more details ]

COBRACompli-IPP-partner-broch-6/2018