Let our COBRA experts take care of everything
Our team of COBRA administration service experts will assist with day-to-day COBRA operations, such as elections, notices, payment receipt/disbursement and communication to plan sponsors.
We take the guesswork out of COBRA administration by providing fully compliant, trackable communications and on-demand, online transparency.
Support your people with a better benefits experience
Get online access to real-time reporting
Our COBRA client portal enables 24/7 access to COBRA activity, including reports, communications, and member status.
Sharing the COBRA workload
We send notices and invoices to participants, manage premium payments and coordinate the reinstatement/termination of coverage with carriers.
Comprehensive COBRA support
Our COBRA experts are available via a toll-free customer service line. They’ll partner with you to manage everything from notices to payments, giving you peace of mind and freeing up your team’s time.
A simplified COBRA experience
Optum has created a straightforward experience for beneficiaries and participants with quick and easy online access. You can make payments online with ACH, check or credit card, as well as view the amount due, transaction histories, coverage levels and more.
Get comprehensive COBRA access through our client portal
Our client portal enables real-time access to COBRA activity information around the clock. Employers have flexibility to designate access based on divisions and responsibility. Client administrators can view details of their COBRA-eligible plans and access the history of notifications sent to the qualified beneficiaries. They can also generate on-demand reports including program summary and generated communications.
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Complementary solutions
Solution suite
Health Savings Accounts for Employers
Give your employees the tools to take control of their care and save their valuable time with an Optum Financial Health Savings Account (HSA).
Solution suite
Flexible Spending Accounts
Help your employees budget and save for qualified expenses during the benefit plan year through pre-tax contributions to FSAs.
Solution suite
Health Reimbursement Arrangements
Use a health reimbursement arrangement (HRA) to help offset employees’ healthcare costs while providing tax savings to the organization.
COBRA is administered on behalf of your COBRA plan administrator by Optum Financial, Inc. or ConnectYourCare, LLC and is subject to eligibility and restrictions. Optum Financial, Inc. and ConnectYourCare, LLC are not plan administrators.
Health savings accounts (HSAs) are individual accounts held at Optum Bank® , Member FDIC, unless otherwise indicated, and administered by Optum Financial, Inc. or ConnectYourCare, LLC, an IRSDesignated Non-Bank Custodian of HSAs, a subsidiary of Optum Financial, Inc. Neither Optum Financial, Inc. nor ConnectYourCare, LLC is a bank or an FDIC insured institution. HSAs are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties. State and/or local taxes may still apply. Fees may reduce earnings on account. Refer to your HSA account agreement for details.
Flexible spending accounts (FSAs), dependent care assistance programs (DCAPs), health reimbursement arrangements (HRAs), Commuter and Parking Benefits, Tuition Assistance Plans, Adoption Assistance Plans, Surrogacy Assistance Plans, Wellness Benefits, and Lifestyle Accounts (collectively, “EmployerSponsored Plans”) are administered on behalf of your plan sponsor by Optum Financial, Inc. or ConnectYourCare, LLC and are subject to eligibility and restrictions. Employer-Sponsored Plans are not individually owned and amounts available under the Employer-Sponsored Plan are not FDIC insured.
This communication is not intended as legal or tax advice. Consult a legal or tax professional for advice on eligibility, tax treatment, and restrictions. Please contact your plan administrator with questions about enrollment or plan restrictions.