MyCOBRATPA.com is the most advanced, automated COBRA Admininstration software on the market. COBRA Solutions has been producing server-based software for over 25 years and has created MyCOBRATPA.com utilizing this experience to design a system making administration more profitable.
Due to our billing structure, MyCOBRATPA.com is only available to TPAs/Brokerages that administer 10 or more groups. (Please contact us directly if you feel your firm is short of this requirement and will be growing to over 10 clients.)
Please read through the services provided, the costs and prepare a proposal for your TPA or Insurance Brokerage. Let us show why you should be implementing this system to provide comprehensive, accurate and profitable way of administering an ever-changing law for your clients.
Automation - TPAs/Brokers set up each client with a designation as to each organization's responsibility. When in fully-automated mode, clients would log on, enter information, be sent an email with letter and instructions for them to mail, produce Participant's Monthly Premium Coupons allowing the client to enter payments. Lastly, the system preforms an audit every evening send emails with instructions on tasks the client needs to perform. Esentially, the client is performing most of the tasks requiring minimal TPA manpower.
For TPAs/Brokers that wish to be more involved in the administration process, they set up the system whereby they enter the information, mail letters and collect premiums. The system tracks each client's account letting you know what actions are needed.
Online Portal - COBRA Administration may be performed from anywhere. Clients are provide access to the website to enter information (in full automation mode), produce reports, review participant premium payments and have access to all notifications sent. In addition, COBRA particpants may log on and see their account detailing their premiums and amount due. (In the near future and at the TPA/Broker's descression, they will be able to log on and make credit card payments funneling money into the TPA/Broker's checking account).
Produce Notifications - COBRA notifications are produced in minutes. When set up in fully automated mode, letters are emailed directly to client with instructions on what to do. If the TPA will be mailing the notifications, letters may be printed in mass or saved as a PDF for distribution by a "mailing house." Created letters will be saved into the person's Digital File Cabinet available as proof of creation. The following are the letters available in the system and are automatically produced based upon data entered:
Daily Administration - If you elect not to implement the fully automated mode for clients, the system has a Things-to-do list, stating all the activities you would need to complete. For example: enter renewal rates, offer COBRA to an over-age dependent child, remove a Medicare Entitled participant, etc.) Your goal is to keep the Things-to-do empty, completing all the tasks.
Reporting - On the 3rd of every month, the system automatically prepares report detailing the COBRA activity of the previous month and email them directly to your client. All done without interaction of the TPA/Broker.
Client Billing - The system will allow you to bill (or not) for your administration services. It will produce client invoices and email them to the client on the 5th of every month. If you set up an account with Authorize.net, client credit card payments will automatically be processed and in your account on the 5th of every month.
There are no hidden costs with MyCOBRATPA.com. We charge a flat fee per client per month regardless of letters produce, premiums collected or number of employees. We know you will have some clients needing numerous services while others are relatively quiet for the year. We request you provide a credit card and we will charge your card on the first of every month based upon the number of active groups in the system.
Please enter your information and request a proposal from COBRA Solutions, Inc.
The proposal will provide you everything you need to get started on MyCOBRATPA.com. If you decide to subscribe to MyCOBRATPA.com, complete the Authorization from and return it to COBRA Solutions.
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