Improving the Benefit Experience
Consolidated Omnibus Budget Reconciliation Act (COBRA) enables employees and dependents who no longer qualify for employer provided benefits to continue their insurance under the group benefit plan.
The extension of benefits through COBRA is available for plans with 20 or more employees and applies to the employer group medical, dental, and vision plans.
COBRA administration can be expensive and time consuming so most employers outsource and pay an additional fee to have a separate COBRA administration company manage the employers COBRA responsibilities.
AristaPoint provides employers subject to COBRA, a no fee alternative when they are enrolled in The Portfolio. This integrated service eliminates the need for an additional administrator, the extra steps the employer must perform when an employee terminates, and the cost to outsource.