At 24HourFlex, we are always looking for ways to make your day better and simplify your life. That's why we partner with WEX Health to bring you to the most powerful and intuitive software to help you manage your benefits.
An Improved User Experience: Software and Design Updates Coming June 2018
Posted by Lindsay Barnard on Thursday, June 07, 2018 @ 09:09 AM
Tags: COBRA, COBRA Administration, COBRA TPA, FSA, HSA, third party administrator, technology, online resources, software, wex health, mobile app
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.
Tags: COBRA Administration, COBRA Audit, COBRA TPA