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COBRA Premium Billing Administration
Medcom Benefit Solutions is experienced and well-equipped to comprehensively handle your administrative needs. We possess in-depth knowledge of federal COBRA requirements and regulatory compliance. Medcom provides premium payment coupons, receives and tracks payments, and notifies participants of “short premiums” and NSF checks. Retiree Billing coupons can be customized for monthly, quarterly, or end-of-rate payments as well.
Medcom also offers a variety of COBRA and Retiree Billing payment options. Consolidated premium payments are returned to the plan sponsor on a monthly basis. We provide carrier notifications when coverage is terminated, in addition to all federally required notices, including COBRA, COBRA election, open enrollment, qualifying event, short pay, conversion, extension, and termination.
2024 Shortlister Top Vendor
Medcom is a Shortlister TOP VENDOR for COBRA Administration! Shortlister is the #1 marketplace for employers and consultants to find and select providers in the benefits administration field. To determine top vendors, Shortlister evaluates company size and stability, business performance, and market presence, also known as "buzz factor." Medcom is excited to receive this recognition!
COBRA Administration
Medcom Benefit Solutions offers a single, fully-integrated, and easy-to-use platform for COBRA administration and a turnkey solution for the administration of COBRA benefits. All federally required notices are provided, including initial COBRA, COBRA election, open enrollment, qualifying event, short pay, conversion, extension, termination, and other notices
Our robust online web portal is available to serve employers and participants 24 hours a day, 7 days a week. Medcom provides standard daily online reporting of generated letters, member status, terminations, initial notices, and paid-through date. Detailed custom reports covering any desired time period can be delivered to the web on your specified time frame.
Retiree & Direct Billing
Medcom Benefit Solutions offers a single, fully-integrated, and easy-to-use platform for Retiree Billing and Direct Billing administration, as well as a turnkey solution for the administration of these benefits. Upon notification of an employee’s retirement, Medcom initiates communication with the retiree and carriers to streamline the enrollment process. Our online web portal is available to serve employers and participants 24 hours a day, 7 days a week.
Medcom provides standard daily online reporting of generated letters, member status, terminations, initial notices, and paid-through date. Detailed custom reports covering any desired time period can be delivered to the web on your specified time frame.
