COBRA Administration | Eligibility | How to Elect COBRA | Changes To American Recovery and Reinvestment Act

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Our company is a multi-specialty medical facility with approximately 200+ employees. In April, 2005 we moved our payroll processing functions to Triton. Since changing, we have had a more efficient process. The payroll set up itself was painless due to the knowledge and skill provided by the Triton staff. Triton has been able to provide us with the level of detail that we could not get from our previous payroll provider. Our facility is split into Pod's (or depts.) and because of this breakdown we needed the employee payroll to not only breakdown to the dept level but also to the account, provider and specialty. Triton also wrote us a labor distribution report that tracks these changes by employee so that we know the earnings, deductions and taxes are posting to the correct areas. We export our payroll out of the payroll system and into a General Ledger system. Triton mapped all of our earnings codes to specific General Ledger numbers that we provided so that we had a seamless integration when exporting the file out of the payroll system and into the General Ledger. We also upload our time from a time management system.

In my opinion Triton has some of the most qualified staff that I have ever encountered. When I have problems I get immediate assistance. The staff is very knowledgeable from the person that answers the phone all the way up to the Information Technology department. I have been very pleased with the quality of the service I have received and highly recommend Triton.

Joan Bohannon, Accounting Associate

Changes to COBRA and the American Recovery & Reinvestment Act

The United States Congress enacted the Consolidated Omnibus Budget Reconciliation Act of 1985, commonly referred to as COBRA, as a means to provide continuing group insurance for certain individuals and their dependants following the loss of employment. The laws governing COBRA administration, COBRA eligibility, and COBRA election have been amended over the years, with the most recent changes occurring in early 2009.

Triton HR continues to monitor the changes in COBRA administration, COBRA eligibility, and COBRA election provisions. For all of our clients that are subject to the rules and regulations set forth by the Federal COBRA legislation, Triton HR can provide the following services:

General notice of COBRA rights to every employee that enrolls in benefits.
Upon termination, COBRA Continuation Coverage Election form is sent.
Funds are collected from enrolled participants and credited back to the client on a monthly basis.
Due to changes to the American Recovery & Reinvestment Act (ARRA), a total monthly subsidy amount is calculated for all ARRA-eligible participants.
Valiant Payroll System can accommodate these subsidy amounts so that the tax credit is immediately recognized and the total is reflected on the Quarterly 941.

Managing COBRA administration, COBRA eligibility, and COBRA election rules and regulations can be time-consuming and burdensome. Triton HR alleviates those stresses with their all-inclusive administration of the COBRA administration, COBRA eligibility, and COBRA election process.

Call 866-USTRITON and speak with one of our licensed Benefit Specialists to learn more about which type of insurance plans are best for you and your employees.