Advantages
COBRA Administration
- Assurance that COBRA is being administered according to IRS rules and regulations
- BenefitsAssist, inc. offers complete process administration from the General Notice to the end of COBRA administration
- BenefitsAssist, inc. covers all plans, i.e. Medical, Dental, Vision and Health Flexible Spending accounts, regardless of carrier used
- Freedom to deal with other Human Resource issues
- Knowledge that COBRA is being handled in a timely and cost-effective manner
- Reliable record keeping
- BenefitsAssist, inc. remits the 2% premium surcharge back to the employer, lowering the overall cost of COBRA administration
Flexible Benefits Administration
- BenefitsAssist, inc. offers complete process administration from the plan design to implementation
- Options include Health FSA, Dependent Care FSA, Health Reimbursement Arrangement, and Health Savings Account
- BenefitsAssist, inc. creates plan documents and supporting forms
- Participants can login over the internet to check balances and submit FSA claims
- Employees can submit claims via e-mail, fax, or mail
- Claims are reimbursed bi-weekly via check or direct deposit
- No extra fees for direct deposit
- Participants can use a Mastercard debit card to access their account
- We can provide discrimination testing and Form 5500 preparation