MISSION, Kan., May 16, 2011 /PRNewswire/ -- COBRAGuard Inc., a certified COBRA administrator, announced the launch of its new website COBRAAnswers.com. The site provides business owners with everything they need to efficiently and cost-effectively take charge of their own COBRA administration.
"The COBRA law is complex. And failure to comply with COBRA regulations can give rise to costly fines and litigation," says COBRAGuard President Robert Meyers. "With COBRAAnswers, companies become more comfortable with the decisions they make and the processes they use to achieve COBRA compliance."
COBRAAnswers.com offers subscribers unlimited access to the laws and regulations associated with COBRA and the most current interpretations of COBRA law - all at an affordable price. Each annual subscription includes the COBRA Handbook, the COBRA Guide, and the COBRA Guide Connections e-newsletter. It also features a keyword search tool that helps clients find answers fast. Clients can also bookmark key pages for easy future reference. There are three pricing packages, allowing clients to choose a plan that works for their needs.
"Some employers have heard, and mistakenly believe, that COBRA is no longer required as a result of the new healthcare law. This is wrong," Meyers explains. "The health reform law did not eliminate or change the COBRA rules, but it will make them more complicated. There's also a belief that since there will be no pre-existing condition exclusions for all health plans beginning in 2014 and everyone will be required to have health insurance, nobody will need COBRA. This is a dangerous assumption since reform did not eliminate the employer-based system of health coverage. Most studies indicate that the vast majority of Americans will continue to rely on employer-based group coverage in the coming years. As long as there is employer-based coverage, the need for COBRA (and state continuation) will continue."
With COBRAAnswers, companies no longer have to locate and purchase all of the same COBRA-related information separately or worry about updates. If you're a business owner who would like to learn more about everything you need to achieve COBRA compliance, visit http://www.COBRAAnswers.com.
About COBRAGuard Inc.
COBRAGuard Inc. is a certified COBRA administrator (CCA), helping employers control risks and liabilities, prevent adverse claims, and save time and money. The company serves more than 3,000 organizations nationwide and it stands behind its services with a 100 percent compliance guarantee. For more information, visit the company's website at http://www.cobraguard.net.
SOURCE COBRAGuard Inc.