In today’s dynamic regulatory landscape, keeping pace with ever-changing federal and state compliance requirements is a significant challenge for employers.
The risks of COBRA non-compliance are severe, ranging from audits and excise taxes to penalties, litigation, and even jail time. For organizations offering benefits to more than 20 employees, COBRA administration often presents a particularly complex challenge because of its evolving mandates and intricate demands.
“Compliance regulations are constantly changing,” says John Feaman, IPS president. “With IPS’ comprehensive solutions for COBRA, we can help businesses minimize the risks and achieve peace of mind.”
The benefits of COBRA Administration services and solutions:
- Reduced risk of fines and errors
- Easy web-based or electronic data transfer reporting
- Assurance that COBRA notices exceed Department of Labor requirements
- Management of COBRA elections and premium payments
- Web and call center support
IPS can help you check COBRA compliance off your to-do list, allowing you to focus on other critical tasks. Reach out to your IPS representative for more information.