Q.- We are going out of business. What do we do about our employees’ benefits? Our business is part of a controlled group but our employees don’t have anything to do with the other employer in the controlled group.
A.- If any member of an employer's controlled group continues to offer group health coverage, COBRA coverage must be offered to the terminated employees and current COBRA beneficiaries under the other controlled group member’s health plan.
Benefit Allocation Systems (BAS) provides best-in-class, online solutions for: Employee Benefits Enrollment; COBRA; Flexible Spending Accounts (FSAs); Health Reimbursement Accounts (HRAs); Leave of Absence Premium Billing (LOA); Affordable Care Act Record Keeping, Compliance & IRS Reporting (ACA); Group Insurance Premium Billing; Property & Casualty Premium Billing; and Payroll Integration.
MyEnroll360 can Integrate with any insurance carrier for enrollment eligibility management (e.g., Blue Cross, Blue Shield, Aetna, United Health Care, Kaiser, CIGNA and many others), and integrate with any payroll system for enrollment deduction management (e.g., Workday, ADP, Paylocity, PayCor, UKG, and many others).