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How much do COBRA violations cost?

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COBRA compliance

Compliance, compliance, compliance. As an administrator, you probably think of compliance more than you would like to. On multiple occasions, you’ve probably thought, “Am I providing the right documentation?” or “Have I met all of my deadlines?”  Unfortunately, the answer to these questions is often, no—and not for lack of trying. Learn more about:

  • COBRA penalties
  • How to eliminate COBRA administration pain points


Fines for COBRA violations

Tax penalties: Typically, COBRA fines occur in the form of excise tax penalties. The standard measure for these fines is $100/per employee (or family member) for each day of non-compliance. These fines are capped at $200/family for unintentional offenses.

Statutory penalties: Statutory penalties: These penalties occur due to ERISA (Employee Retirement Income Security Act) infractions. The COBRA fines associated with ERISA can reach up to $110/day.

Other fines: Of course there are always going to be hidden costs of non-compliance. These can come in the form of civil lawsuits and attorneys’ fees.

 

BerniePortal solution

For plan administrators, avoiding these penalties is time consuming and worrisome. What if you could eliminate the risk of COBRA penalties altogether? That's what BerniePortal COBRA Administration is for—BerniePortal's team of COBRA experts dots all the I's and crosses all the T's so you don't have to! 

 

Interested learning more about BerniePortal COBRA Administration?

View Product Sheet

 


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