Automated COBRA Administration and Benefits Reconciliation solutions for PEOs.
EverythingBenefits automated COBRA Administration and Benefits Reconciliation solutions streamline every aspect of COBRA compliance and provide actionable insights into invoicing irregularities that can drive costs and liabilities.
Benefits Reconciliation
PrismHR Integration
PrismHR integration and relationships with over 600 carriers allow for easy collection and transmission of invoice data.
Algorithmic Matching
Easily compare your carriers’ invoice with the calculated totals from your payroll and benefits information to match the right employee with the right plan.
Activity Monitoring
Never miss another discrepancy in premium payments with proactive monitoring and automatic notification of invoices requiring your attention.
COBRA Administration
Automated Notifications
Track and receive immediate notifications of qualifying events with exclusive technology that connects every aspect of the environment, management, and reporting process. Automated notifications include:
- Event type
- Date of event
- Change in coverage
Two-Click Approval
Reduce your overall risk and time spent doing COBRA Administration with our two-click approval process. In as little as two clicks, you can review and approve (or reject) any beneficiary’s qualifying event.
Compliance Reporting
Track notifications through the USPS, review initial and qualifying events, and see virtually everything audited within the system through standard reports.
- Monitor coverage periods and timelines
- Distribute notices
- Collect and manage premium payments
“Since switching to the integrated COBRA administration offering by EverythingBenefits, our tasks related to COBRA and State Compliance have been reduced. It has been a huge time saver that leads to an ROI for other projects. EverythingBenefits team has been awesome to work with!”
— Employ Source, Inc.
Learn More About EverythingBenefits
Contact us to learn how EverythingBenefits can help grow your business.
PHRI LLC is an affiliate of PrismHR, Inc. All insurance products will be offered and sold only through PHRI LLC, its licensed agents or its licensed insurance partners, 35 Parkwood Drive, Hopkinton, MA 01748. Licensed in 49 states. Certain services may not be available in all states. Customers must be using PrismHR’s HCM technology platform to take advantage of these programs.