COBRA & Spending Accounts Administration

We offer a complete, supported, and updated program that constantly keeps up with COBRA law, regulations, and court cases that result in changes to administrative requirements.

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Service Overview

Our online system features all required notifications, accurate time-line tracking, collections and remittance of COBRA premiums, accurate summary and detail reporting, superior client and participant support, and maintenance of federal record-keeping requirements. We also find the best Spending Accounts programs to fit your employees’ needs. As healthcare costs continue to soar, finding ways to offer affordable health benefits to your employees is a constant challenge. Now you can leave employees with more spending money per paycheck while they save on out-of-pocket healthcare expenses.

“Since I still retain my health benefits from my employer through COBRA, I still have the luxury and blessing of Equinox being by my side literally like a guardian angel.”

Frank D.

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16

Years in Business

500+

Clients

40+

Employees

Become a Part of the Success
Tom Groves Presenting the scholarship donation with Equinox's Employees and their children that attend St Ann's School. (Named in order from left to right) Equinox's Benefits Consultant: Nick Maxell and his son Mason Maxell, Tom Groves, St Ann's Principle: Diana Kile, Allentown Diocese Director of Scholarships: John Fierro, Equinox's Director of Client Engagement: Adam Ulicny and his son Luke and his daughter Lilyana Ulicny.

SAVE TIME AND MONEY WITH EQUINOX’S COBRA AND
SPENDING ACCOUNTS ADMINISTATION

We Worry About COBRA… So You Don’t Have To.

The Consolidated Omnibus Budget Reconciliation Act (COBRA) requires employers to offer the option of continuing healthcare benefits to qualified beneficiaries – at their own expense – who would otherwise lose their benefits.

Streamline HR partners with an industry leading healthcare platform that offers an easy to use, self-service web portal for both employers and employees.

Find the best Spending Accounts programs to fit your employee’s needs.

As healthcare costs continue to soar, finding ways to offer affordable health benefits to your employees is a constant challenge.

Now you can leave employees with more spending money per paycheck while they save money on out-of-pocket healthcare expenses with a solutions from Streamline HR.

OUR COBRA ADMINISTRATION PROGRAM

COMPREHENSIVE SERVICES

A complete, supported and updated program that constantly keeps up with COBRA law, regulations, and court cases that result in changes to administrative requirements.

Our online system features:

  • All required notifications
  • Accurate time-line tracking
  • Collections and Remittance of COBRA premiums
  • Accurate summary and detail reporting
  • Superior client and participant support
  • Maintenance of federal record-keeping requirements

DELIVERING VALUE

Through operational efficiency and stress-free administration:

  • Working with one vendor saves time: one invoice, one point of contact
  • Enrollment ease: qualifying event notification, initial rights notification, plan election, and termination of COBRA coverage
  • Ability to customize timelines and communications based on state continuation guidelines
  • Available EDI integration for ease of notification
  • 100% Mini-COBRA Compliant

SIMPLE & SECURE

Our secure COBRA system simplifies access to benefits for employers and qualified beneficiaries through a system of
convenient and integrated online web portals, and more.

With COBRA we understand that no matter what your business is, being cost effective and using your time wisely is important to everyone. That is why we pride ourselves on being the most cost
effective solution for your COBRA needs.

Choose us and you’ll see just how much time, money, and unnecessary worrying you will save.

OUR SPENDING ACCOUNTS ADMINISTRATION PROGRAM

HEALTH SAVINGS ACCOUNT

An HSA is a tax-advantaged savings account that is used in combination with a High Deductible Health Plan (HDHP). It gives your employees a new way to manage healthcare costs.
They can use the HSA funds to cover qualified medical expenses – from co-payments at the
doctor’s office to pharmacy bills, dental care, vision care, and more.

HEALTH REIMBURSEMENT ACCOUNT

Health Reimbursement Arrangements (HRAs) are employer-funded group health plans from which employees are reimbursed tax-free for qualified medical expenses up to a fixed dollar amount per year. Unused amounts may not be rolled over to be used in subsequent years. The employer funds and owns the arrangement.

FLEXIBLE SPENDING ACCOUNT

Flexible Spending Account (FSA) is a great way to stretch your
employee’s benefit dollars.

Employees use pre-tax dollars in their FSA to reimburse themselves for eligible out-of-pocket medical and dependent care expenses. That means they can enjoy tax savings and increased take-home pay – all with the convenience of a prepaid benefits card.

Discover the perfect solution for your business and employees

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