Locations

Shelton Office

112 Huntington Street
Shelton, CT 06484
Phone: (203) 926-0001
Toll-Free: 888-397-3772

Middletown Office

573 Newfield Street
Middletown, CT 06489
Phone: (860) 346-9661
Toll-Free: 888-397-3772

Southington Office

276 North Main Street
Southington CT 06489

Cobra

Manage Your Risk of Liability

What is COBRA? The Consolidated Omnibus Budget Reconciliation Act (COBRA) mandates that any organization with full or part-time employees offer a “temporary continuation” of group health and Section 125 benefits to employees (and covered dependents) upon experiencing a qualifying event. COBRA administration is a complex process governed by constantly changing rules and regulations. Virtually every aspect of COBRA is extremely time sensitive. Non-compliance can result in excessive penalties, legal fees and significant financial risk to the employer. The risk of non-compliance can be severe. Penalties and excise taxes start at $100 per day per violation with the maximum excise tax being in the hundreds of thousands of dollars depending on the size of the company being audited.

Serra & DelVecchio Insurance will coordinate every aspect of COBRA administration, from start to finish. Serra & DelVecchio Insurance will manage all the necessary communications, notices, forms and record keeping. Once these COBRA services are implemented, you only need to inform us of newly eligible plan members, all qualifying events, plan and rate changes and to review your monthly management reports. Everything else is managed by Serra & DelVecchio Insurance.

By outsourcing your COBRA administration, we take complete responsibility for your account and have a contractual obligation to ensure our services are compliant with the latest COBRA regulations and rulings. And if the IRS Department of Labor comes knocking at your door, Serra & DelVecchio Insurance will be there to provide them with the proof of compliance you need.

You know how much work COBRA is. And you know the risks and liabilities involved. Call Serra & DelVecchio Insurance today and get immediate relief from your COBRA burden. It just may be the best phone call you make.

The Benefits are Clear

Limit liability exposure
Avoid costly penalties
Significant claims savings
Reduce involvement with complex government regulations
Manage eligibility of terminated employees
Confirmation and reminder emails

Testimonials

“Justin - Thanks so much for getting everything to me so quickly today. My mom is thrilled about the saving and she should be all set for Monday - I talked to John today and he is taking care of everything for Monday - he was great to work with today. And it is a small world - lol. Thanks again for your wonderful help with everything - talk to you soon”

-- Laura, P&C