Guest Hellolost Posted March 14, 2012 Posted March 14, 2012 Hello everyone, Our company is thinking about implementing the 2% admin fee to our Cobra administration. Currently we do it at no cost for our clients. I am wondering what kind of problems can arise. How do we notify current Cobra people that they are getting an increase in rates when it is not open enrollment? Should we grandfather the orignial members and only charge the new Cobra members? Has anyone done this before? How did it go? Thanks!
Guest matthew222 Posted March 15, 2012 Posted March 15, 2012 I would suggest adding the 2% as each group renews. If you've gone this long without charging it, I would imagine staggering this 2% over the next 12 months isn't going to be a big deal, right?
Guest Hellolost Posted March 15, 2012 Posted March 15, 2012 That is exactly what I had suggested. We shall see what happens!
Guest Hellolost Posted March 15, 2012 Posted March 15, 2012 For those of you who do charge. I have a few questions. Do you have the checks sent to you and then send the companies a check minus the 2%? If so, on what day do you send the check? Are there any other fees you collect?
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