COBRA

Reelin’ in the Year: DOL Clarifies COBRA Time Frames Related to COVID-19

On Friday, February 26, the Department of Labor (DOL) published Disaster Relief Notice 2021-01, a follow up to the Joint Notice published May 4, 2020. The May notice required that health and retirement plans disregard a number of deadlines for individuals during the COVID-19 National Emergency, plus a 60-day period (the “Outbreak Period”) starting March 1, 2020. The COBRA deadlines impacted in the May 2020 notice include: The February 26 notice clarifies the position of

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Press Release: New Whitepaper Examines Administrative Concerns with COBRA and COVID-19 Deadlines

DataPath examines the effects of COVID-19 on COBRA and upcoming ERISA plan deadlines LITTLE ROCK, ARKANSAS (February 16, 2021) – DataPath, Inc., a leading developer of technology solutions for employee benefits administration, has published a whitepaper titled, “COVID-19 and COBRA Continuation Insurance: Where Do We Stand?” The paper takes a deeper look at the effect of the COVID-19 healthcare crisis on the economy – specifically, its impact on the COBRA insurance market – and how

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COVID-19 Outbreak Period for ERISA Plans Expires February 28

Third-Party Administrators (TPAs) need to be aware of the upcoming end to the COVID-19 outbreak period for group health plans. This deadline, which ends February 28, 2021, could cause unfamiliar administrative burdens on TPAs. In May 2020, following the passage of the CARES Act, the IRS and DOL issued a joint notice on COVID-19 deadline extensions for ERISA. The February 28, 2021 end date is based on the CARES Act, which determined the outbreak period

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Brochure: CDH and COBRA Administration with the DataPath Platform

DataPath’s employee benefits platform is the first cloud-based solution purposely designed as a single, all-encompassing software solution for administering CDH accounts, COBRA, billing, and well-being benefits. Whether your business plans involve administering just one line of service or all of them, DataPath can help you achieve your goals. With a seamless design, our platform’s flexibility allows businesses to take advantage of the full suite of solutions, or to choose only those services specific to their

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Brochure: COBRA and Billing Solutions

Since 2002, DataPath has empowered COBRA administrators to achieve growth with industry-leading COBRA and Billing solutions. Administrators aim to stay competitive, keep up with regulatory changes, and attract new revenue streams. Our platform’s robust functionality enables simplified terminations, automated notices and communications, flexible billing options, and more. Additionally, we offer fulfillment and BPO services to support business growth. The platform’s flexibility can also be leveraged for a variety of billing needs. Surpass your competition with

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Brochure: Top 5 Reasons to Use DataPath’s Platform

The industry’s first true all-in-one solution, DataPath simplifies employee benefits management for benefits administrators. You can offer the full suite of solutions or select individual services tailored to your business needs. Considering an all-in-one administrative platform? You have choices. Here are the top 5 reasons to choose DataPath: Achieve your growth goals with DataPath.

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Employers and TPAs Must Prepare for a COBRA Avalanche – DataPath Article Featured on EBN

Employee Benefit News (EBN)

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 high number of jobs, and in recent weeks, a large wave of new layoffs has been announced. The airline industry is

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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, jobs have been lost at an alarming rate. As these job losses are through no fault of the employees, they are considered qualifying events for COBRA purposes. This allows employees to apply for the continuing health insurance coverage through their employers. While Congress has passed a variety of economic stimulus legislation, most notably the CARES Act in March 2020, to help lessen the impact of COVID,

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DataPath Article on COBRA Eligibility for Furlough vs a Layoff Featured on BenefitsPro

The current economic situation caused by COVID-19 safety measures has millions of people wondering how they can keep their employer’s health insurance plan. Companies have been forced to furlough or layoff their workforce until the economy improves. In fact, the U.S. economy lost more than 20 million jobs in April. As such, people want to know whether or not they can sign up for COBRA continuation coverage and if they will be able to afford it.

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COVID-19 Claims Run Out Extension for FSA and HRA Plans

On April 29, 2020, the Internal Revenue Service (IRS), Department of Labor (DOL), and other federal agencies published a final notice providing COVID-19 relief guidance on COBRA extensions. The notice also extended run out periods for health Flexible Spending Account (FSA) and Health Reimbursement Arrangement (HRA) plans. Learn more about the COVID-19 claims run out extension and what it means for third party administrators, employers and participants. COVID-19 Claims Run Out Extension The final notice, now available

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