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What is the purpose of COBRA?

The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan for limited periods of time under certain circumstances such as voluntary or involuntary job loss, ...

Does Paychex benefit?

In addition to offering Section 125 plans, you can help employees with unforeseen circumstances by offering ancillary benefits such as accident, disability, critical illness, and indemnity coverage.

How do I contact Paychex?

Please visit our customer support page for help regarding your services, including specific ways you can contact us. You can also call 833-299-0168 for additional support options.

What is Cobra insurance and how does it work?

COBRA is a federal law about health insurance. If you lose or leave your job, COBRA lets you keep your existing employer-based coverage for at least the next 18 months. Your existing healthcare plan will now cost you more. Under COBRA, you pay the whole premium \u2014 including the share your former employer used to pay.

What is Paychex COBRA?

Under COBRA, a worker can choose to continue health insurance coverage/benefits provided by their group health plan for themselves and their beneficiaries after loss of a job (whether through termination or voluntary separation), reduction in hours, or other qualifying events.

paychex cobra

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Can I get COBRA if I quit?

You Can Get COBRA Insurance After You Quit Your Job According to the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), companies with 20 or more employees are required to allow workers to keep their health insurance coverage if that coverage would end due to a qualifying event.

What does COBRA mean for employers?

COBRA \u2013 the Consolidated Omnibus Budget Reconciliation Act -- provides a temporary continuation of group health coverage that would otherwise be lost due to certain life events.

What benefits does Paychex offer employees?

Employee Benefits Services Group Health Insurance. ... Retirement Services. ... Flexible Spending Accounts. ... Health Savings Accounts. ... Dental and Vision Insurance. ... Ancillary Benefits. ... Employee Benefits Administration.

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