COBRA Administration | Eligibility | How to Elect COBRA | Changes To American Recovery and Reinvestment Act

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This reference letter provides documentation of the high-level of customer satisfaction my company has experienced since partnering with Triton for insurance and human resource services. After becoming increasingly dissatisfied with our previous agency, we selected Triton from several candidates, and continue to use them, for the following reasons:

> Their ability to aggressively negotiate with insurance companies, helping us obtain the coverage we desire at a price that appears to be reserved for companies much larger than our current level of 150 employees.

>Triton’s management team is very knowledgeable of the insurance industry and of a wide variety of human resource issues; this provides us the confidence to rely on their input when making decisions in these areas.

> Strong administrative support has been provided by Triton during our annual open enrollment and throughout the remainder of the year. Many insurance agents’ administrative departments can not support the promises made by their sales staff which in turn places an undue burden or additional costs on the client. Our company unfortunately experienced frequent billing errors, were forced to make the same requests numerous times and were constantly correcting errors involving employee’s coverage and pay when we were with a much larger agency.

Triton’s professionalism and ethical integrity has been a major factor in our companies success in reducing the administrative burden and costs related to areas of insurance coverage and human resource support. I strongly recommend Triton’s services to others.

Robert A. Lockhart, COO

Changes to COBRA and the American Recovery & Reinvestment Act

The United States Congress enacted the Consolidated Omnibus Budget Reconciliation Act of 1985, commonly referred to as COBRA, as a means to provide continuing group insurance for certain individuals and their dependants following the loss of employment. The laws governing COBRA administration, COBRA eligibility, and COBRA election have been amended over the years, with the most recent changes occurring in early 2009.

Triton HR continues to monitor the changes in COBRA administration, COBRA eligibility, and COBRA election provisions. For all of our clients that are subject to the rules and regulations set forth by the Federal COBRA legislation, Triton HR can provide the following services:

General notice of COBRA rights to every employee that enrolls in benefits.
Upon termination, COBRA Continuation Coverage Election form is sent.
Funds are collected from enrolled participants and credited back to the client on a monthly basis.
Due to changes to the American Recovery & Reinvestment Act (ARRA), a total monthly subsidy amount is calculated for all ARRA-eligible participants.
Valiant Payroll System can accommodate these subsidy amounts so that the tax credit is immediately recognized and the total is reflected on the Quarterly 941.

Managing COBRA administration, COBRA eligibility, and COBRA election rules and regulations can be time-consuming and burdensome. Triton HR alleviates those stresses with their all-inclusive administration of the COBRA administration, COBRA eligibility, and COBRA election process.

Call 866-USTRITON and speak with one of our licensed Benefit Specialists to learn more about which type of insurance plans are best for you and your employees.