Views: Employers and benefits administrators must prepare for a COBRA avalanche November 16, 2020 By Bo Armstrong Originally Posted by Employee Benefit News In the first six months of COVID-19 outbreak, more than 60 million Americans filed for unemployment. A recent report by the U.S. Department of Labor (DOL) suggests that companies are still cutting a … More >>
Cloud-based COBRA Software with DataPath Summit
COBRA Administration, COBRA Billing, Retiree and Direct Billing
Summit empowers third party administrators to achieve extraordinary success with powerful, cloud-based premium billing administration. We launched Summit COBRA in 2017, building off two decades of experience in delivering industry-leading COBRA and Premium Billing administration solutions.
Summit is the only true all-in-one cloud-based solution on the market, featuring seamless benefits administration for COBRA, retiree and direct billing, and CDH accounts. Created with the needs of TPAs in mind, Summit simplifies employee benefits administration across all lines of service. Elevate your COBRA administration software with DataPath Summit.
COBRA administration can be a challenge due to Federal compliance regulations. With DataPath’s cloud-based Summit platform, you’ll keep on top of all status changes and stay current on key compliance dates, including communications, payments, and other important COBRA events. With Summit, there is no need for additional COBRA software.
Enter and manage qualified terminations from a single screen - easing the termination process for multiple LOS and updating participant records in just a few clicks.
Extensive Account Reconciliation Capability
Utilize Summit's integrated cash management functionality for simplified tracking, remittance, and reconciliation of your clients’ payments and accounts.
Automated Compliance Features and Settings
Summit’s automation features help TPAs deliver compliant COBRA services, monitored COBRA-related events, and time-frame tracking.
Summit's event-based notice generation and fulfillment services produce documents and notifications per event timeline, with on-demand printing. Store documents digitally and on the web.
COBRA BPO Services
Summit COBRA clients can use our compliant processing services that include importing employer and beneficiary data, elections, event and payment processing, new hire notices, qualifying events, and more.
Flexible Payment Options
COBRA beneficiaries can pay their premiums via check, ACH, mobile app, or third party payments. They can also schedule ACH payments in advance.
Retiree and Direct Billing
Summit can manage a wide variety of custom billing needs including collecting premiums for retiree health benefits, group health benefits, leave of absence, individual marketplace payments, parking fees, union dues, and more.
I cannot begin to tell you how much better the reports are in your COBRA system. Other systems cannot break the premiums down by product, amount, or month paid, and that is what the clients want.
Are We At Risk of a COBRA Avalanche? COVID-19 COBRA Compliance and Other Concerns for Benefits Administrators
Since the COVID-19 outbreak began in the United States, more than 60 million Americans have filed for unemployment. A recent report by the U.S. Department of Labor (DOL) suggests that companies are still cutting a high number of jobs and in recent weeks, a large wave of new layoffs have been announced. The airline industry … More >>
The IRS, Department of Labor, and other federal agencies released an update on COBRA extensions and claims filing due to the COVID-19 outbreak. This latest guidance comes after Congress passed the CARES Act in late March and other initiatives to ease the economic pain on American workers and companies. The final notice, published April 29, … More >>
Along with the many stimulus provisions provided for in the Coronavirus Aid, Relief and Economic Security Act (CARES Act), the legislation also addressed many healthcare needs for Americans. The bill, signed on March 27, 2020, broadened the list of eligible healthcare expenses, expanded telehealth coverages for high deductible plans, and more. Nearly a month later, … More >>
DataPath is more than just a COBRA software solution provider. The company recently announced that it released brand new COBRA materials for its unique employee engagement program, The Adventures of Captain Contributor. The materials include comic books, videos and fact sheets all about COBRA to help with education and engagement.
DataPath offers more than just COBRA software. For the more visually-minded, this vibrant and informative COBRA infographic answers many COBRA FAQs and is perfect to share with clients and fellow COBRA administrators. Your participants can learn all they need to know about COBRA insurance in this overview.