COBRA requirements are complicated and strictly enforced to all employers carrying more than 20 employees. Failure to comply exposes these organizations to costly penalties and liabilities. Outsourcing COBRA administration relieves your company of the responsibility of tracking, notification, and billing processes. WBP has designed and implemented an online COBRA procedure system that eliminates confusion, offers automated timeline tracking and is available 24 hours a day. Everything from participant consultation to carrier contact is seamlessly handled by WBP. Simply login and enter qualifying events on our secure internet portal, then sit back and let WBP take Care of the rest!
It is estimated by the IRS that 90% of all employers that are subject to COBRA are not in compliance. COBRA policies and procudures are a standard component of any IRS Corporate Audit.
* Is my Company required to offer COBRA to my employees? * What are the penalties if I don't offer COBRA?