The fulfillment of your company's obligations under COBRA is a complicated, risky exercise. Errors or delays in notifying COBRA beneficiaries could mean daily sanctions of $100.00 dollars per employee, per day of noncompliance up to $2,000,000 dollars. A beneficiary can file complaints or sue for medical expenses occurring as much as three years after termination!
GISC's system keeps track of your employees. When you notify us that an employee has been terminated or is deceased, we immediately begin the notification process. Letters are mailed to the ex-employee and/or spouses and dependents. If they elect to continue coverage, we bill them monthly and receive the premium in our office. Our computer system assures compliance with deadlines, time constraints and monitors premium payments. If they decline coverage or never respond, there is proof of compliance on file.