According to a press release from the Houston-based firm, the new version offers more enhanced features, including a new Retiree Billing add-on module, Online Enrollment, and Document Upload.
An online Retiree Billing add-on module has been added to WebCOBRA.com, allowing administrators to track both retirees and their benefits. With the new Retiree Billing module, retirees will be able to log in online and view account, contact and payment information, as well as initiate online payments themselves. In addition, administrators will also be able to set up benefit plans based on age, salary, and years of service.
The firm says that the new release simplifies the job of administering COBRA regulations by adding an online enrollment feature. Now administrators can enable qualified beneficiaries with the option to log into the system and accept their coverage with a full electronic payment, which Travis says will “significantly reduce administrative paperwork.”
Another addition is the ability to Upload summary plan descriptions (SPDs), Benefit Summaries, and Additional Notices to the system. This new feature allows users to upload important notices so they can be viewed by qualified beneficiaries and, when applicable, retirees and other plan participants who don’t have access to the same documents that active employees do.
Other enhancements include: additional matrix plan types, ability to send HIPAA certificates to dependents, prorate mid-month subsidies, universal client/employer change option, and much more.
“WebCOBRA’s latest release advances the COBRA capabilities of the system and adds Retiree Billing capabilities as well. Now, any Cobra and Retiree Billing administrator can realize the benefits of using a full-featured Web-based system to help them provide these services to their clients,” said Alan Williams, Travis Software founder and president.
The Summer ’08 Release was installed to WebCOBRA.com, and is now available to use. You can find out more about the WebCOBRA.com Summer ’08 release at http:// www.webcobra.com