insurance products
& services
Thompson, Bostrom & Associates is an
independent insurance brokerage that can provide a variety of
insurance products and services to corporate, institutional, and
professional and individual clients.IMPORTANT LINKS (Click the logo to jump to the carrier's site:
Aetna
blue cross blue shield of fl
cigna healthcare
fl health care 
UNITED HEALTHCARE
AVMED HEALTH PLANS
ASSURANT HEALTH
TBA, LLC is now offering
online access for Employee management and workplace compliance
information. Please click on the Basic Guru icon below to see what
it can do for you!
Click the link below to see a demonstration
B A S I C G u r u D e m o
? if our current carrier doesn't
do it for you, Thompson, Bostrom, & Associates will
outsource your cobra administration for free!
Proof of COBRA Training.
Documentation of Program Monitoring (Proof of in house audits).
Generating the Qualifying Event Notice to all Qualified Beneficiaries (divorce, death, dependent events and disabilities).
Maintaining proper COBRA Documentation and proper mailing of all correspondence sent and received.
Click the link below to see a demonstration
B A S I C G u r u D e m o
COBRA
common
mistakes regarding cobra
If you have not updated and resent your
initial notice 3-4 times last year, you are not in
compliance due to law changes.
If you have not updated your qualifying event
notice 5-8 times last year, you are not in compliance
due to law changes.
If you are discussing COBRA
in an EXIT INTERVIEW
you are in violation.
Registered mail is
NOT a good way to send
qualifying event notice.
A waiver for COBRA can be revoked. Waivers
are not recommended.
THERE IS NO STATUTE OF LIMITATIONS OF COBRA
ENFORCEMENT – you can be fined for a violation back from
1986 to present or the date you had to start complying
with Federal COBRA (1st of January of the
year following 20 employees for more than ½ the total
business day in the prior year)
IRS Excise Tax - $100/day per violation.
$200/day if a dependent is involved.
Damages
Does
your COBRA Compliance Program have…
COBRA Administration
Proof of COBRA Training.
Documentation of Program Monitoring (Proof of in house audits).
Proper mailing of the required Initial Notice to New Insurance Enrollees. Send proof of mailing from the Post Office.
Generating the Qualifying Event Notice to all Qualified Beneficiaries (divorce, death, dependent events and disabilities).
Provide up to six other necessary COBRA notifications i.e. Extension/stacked event notice, Disability Extension, Open Enrollment, Notification of Plan changes, Right to Concert, Notice of Insignificant Premium Underpayment or Expiration Notice, and Disclosure to Health Care Provider.
Maintaining proper COBRA Documentation and proper mailing of all correspondence sent and received.
Monitoring and Documentation of COBRA regulation
changes and update notification language of all notices
and procedures (when first subject to COBRA through
present).
Premium
Collection Administration
Receive COBRA Elections Form For Qualified
Beneficiaries.
Send COBRA billing statements and process COBRA Premium.
Send COBRA billing statements and process COBRA Premium.
Answer Qualified Beneficiaries’ premium questions.
Provide required complete and accurate disclosure
of status to health care providers.
hIPAA Administration
Send Certificates of Creditable coverage at any
loss of coverage.
send annual Special Enrollment Notifications.
send annual Special Enrollment Notifications.