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Affordability Meets Compliance.
Never Worry Again.

Free COBRA for 2025!

About the Promotion

The risks of COBRA carry big fines, and can be difficult to manage, especially if your HR team is short on time.  We can help your team manage Payroll, Time, HR, and now COBRA, ERISA, and Premium Only Plans with Non-Discrimination Testing.

From October to December 31st, when you buy an Essentials Bundle and a Compliance Bundle from PrimePay you get COBRA coverage for free.

New PrimePay Clients.
The COBRA Compliance Promotion offers free COBRA coverage for all employees of eligible customers. By participating in this promotion, you agree to the following terms and conditions: Promotion Name: COBRA Compliance Promotion Offer: Benefits Compliance Bundle (BCB) will be added to Customer’s PrimePay Subscription at no additional cost where Customer purchases a qualifying bundle package listed below. BCB shall include COBRA coverage for all employees of eligible customers. Eligibility: This promotion is only valid for new PrimePay customers. To qualify, customers must purchase a PrimePay Subscription which includes the Payroll & Time Essentials Bundle or HCM Essentials Bundle. Customers must have at least 20 active employees to be eligible for this promotion. Promotion Period: The promotion is valid from October 1, 2024, until December 31, 2024. PrimePay reserves the right to terminate or modify this promotion at any time, for any reason, in its sole discretion. Additional Terms: The promotion is only available to eligible customers as determined by PrimePay. This offer cannot be combined with any other promotion or discount. Free COBRA coverage applies to the initial term of Customer’s PrimePay Subscription and is subject to all applicable rules and regulations. Termination: PrimePay may terminate the promotion at any time, for any reason, without prior notice. Other Conditions: Void where prohibited. Additional terms and conditions may apply. Contact PrimePay for further details.
Existing PrimePay Clients.
COBRA Compliance Promotion Terms and Conditions The COBRA Compliance Promotion offers free COBRA coverage for all employees of eligible customers. By participating in this promotion, you agree to the following terms and conditions: Promotion Name: COBRA Compliance Promotion Promotion Details: Benefits Compliance Bundle (BCB) will be added to Customer’s PrimePay Subscription at no additional cost where Customer purchases a qualifying bundle package listed below. BCB shall include COBRA coverage for all employees of eligible customers. Eligibility: This promotion is only valid for existing PrimePay customers with an active PrimePay Subscription. To qualify, customers must have an active PrimePay Subscription which includes or adds the Payroll & Time Essentials Bundle or HCM Essentials Bundle. Customers must have at least 20 active employees to be eligible for this promotion. Promotion Period: The promotion is valid from October 1, 2024, until December 31, 2024. PrimePay reserves the right to terminate or modify this promotion at any time, for any reason, in its sole discretion. Additional Terms: The promotion is only available to eligible customers as determined by PrimePay and not valid until accepted by PrimePay. This offer cannot be combined with any other promotion or discount. Free COBRA coverage applies to the initial term of Customer’s PrimePay Subscription and is subject to all applicable rules and regulations. Termination: PrimePay may terminate the promotion at any time, for any reason, without prior notice. Other Conditions: Void where prohibited. Additional terms and conditions apply. Contact PrimePay for further details.

The HR Risk Factor

$500,000

The IRS can impose an excise tax of $100 per qualified beneficiary per day for non-compliance, capped at $200 per family per day, maxed at $500,000.

90%

Employers IRS estimates are subject to $100 daily COBRA penalty per individual. $110 ERISA daily penalty.

$20,000 - $50,000

Settlements for COBRA non-compliance claims can average between $20,000 and $50,000, excluding legal costs.

COBRA Administration

What is COBRA health insurance?

The Consolidated Omnibus Budget Reconciliation Act (COBRA), passed in 1985, is a law requiring employers with 20 or more employees that offer health care benefits to offer a continuing coverage option to those who lose their benefits due to termination, reduction in hours, etc.

Since its inception, COBRA has cost businesses millions of dollars in legal and compliance fees. The IRS estimates that up to 90 percent of employers are out of compliance with COBRA regulations.

COBRA administration in just 3 steps.

It’s true. We provide administration of all COBRA-qualified plans. That means you can avoid costly penalties and excise taxes ($100 or more a day per violation) from COBRA audits.