Benefits Blog

Taming COBRA: 3 Steps to Surviving a COBRA Audit

Posted by Jim Hayes on Tuesday, August 27, 2013 @ 07:23 AM

Audits of any kind are not pleasant, especially ones involving disgruntled former employees. Penalties for non-compliance include an IRS excise penalty of $100/$200 per day, an ERISA penalty of $110 per day per Qualified Beneficiary (QB), and legal fees, court costs and any medical claims not covered by insurance for the QB(s). Thankfully there are a few steps employers can take to prepare for a COBRA audit before one occurs. 

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Tags: COBRA Administration, COBRA Audit, COBRA TPA

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