COBRAsource is an industry-leading administrator of COBRA services, Flexible Spending Arrangements and Health Reimbursement Arrangements.
We offer personalized service, prompt and efficient processing, and automated reimbursement using Evolution Benefits, card reimbursement systems. COBRAsource offers a specially tailored plan to suit our clients, utilizing a logical approach to determine your needs and expectations, and we will exceed them!
FSA’s and HRA’s are a popular way for employers to incur tax savings, improve employee job satisfaction, and offer employees up to a 35% savings on eligible out-of-pocket health and dependent care expenses. The employer’s tax savings will generally pay for the entire cost of plan administration.
Cafeteria plan solutions offered by COBRAsource include:
Health Care Flexible Spending Accounts
Dependent Care Flexible Spending Accounts
Pre-Tax Insurance Premium Plans
Health Reimbursement Arrangement Accounts
Qualified Transportation Benefits
A customized Plan Document
Preparation of the Summary Plan Description (SPD)
A customized participant kit (includes enrollment form)
Prepaid Benefits Card
Web access to accounts for employees
Weekly or Semi-Monthly reimbursement frequencies on manual claims
Manual Check or Direct Deposit for manual claim reimbursements