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COBRA Compliance Program Administration Simplicity in Administration Flexible Spending Account Services COBRA or FSA Quote Request
           
Contact Address
15 Commerce Drive
Suite 105
Grayslake, IL 60030
(847) 223-1011
Fax: (847) 223-1117
(888) 966-6366
 
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Flexible Spending Account Services
 

COBRAsource is an industry-leading administrator of COBRA services, Flexible Spending Arrangements and Health Reimbursement Arrangements.

     

COBRASOURCE will provide periodic communications to you and your employees regarding plan service dates and deadlines. We will also provide marketing materials so your employees are fully aware of the benefits of enrolling in your Flexible Spending Arrangement and/or Health Reimbursement Arrangement.

We will provide both print and electronic forms and communications, which may be distributed via email, your intranet, or they can be printed and distributed. We are committed to delivering an automated, yet personable service, that will grow participation and deliver tax advantages to both you and your employees.
 

We offer online Internet access for both employers and employees. Employees can view balance information through the Evolution Benefits Prepaid Benefits Card, which can greatly reduce the number of phone calls from participants. Forms are easily uploaded to the site and employees can be easily added to the plan online, including personal information, benefit plan assignments, and their payroll deductions.

Flexible Spending Arrangement and Health Reimbursement Arrangement reimbursements are delivered through the ACH (Automated Clearing House) funds delivery system. Our clients set up a special bank account for FSA/HRA funds, and they authorize Evolution Bank First to make debit transactions from that account to cover participant reimbursements – it’s as easy as that! This system through Evolution allows for the most efficient and timely distribution of funds available.

We provide technical assistance through direct contact, via both email and our toll-free number. We offer a personal touch and we are determined to make FSA/HRA administration as effortless for you as possible. COBRASOURCE is constantly following the changes in FSA/HRA guidelines, and we will keep you apprised of any such changes or modifications necessary to your plan.

Please contact us if you would like to discuss the benefits and costs of offering your employees a Flexible Spending Arrangement and/or Health Reimbursement Arrangement!

Thank you for the opportunity! We look forward to a compliant relationship.

COBRASOURCE Flexible Benefit Administration Fee Schedule

# of Employees
One-Time Fee
 
1 – 100
$250
101 – 200
$350
201 – 300
$500
301 – 500
$600
501 – 1000
$750

 

Monthly Administration
Cost $5 per FSA/HRA Participant per month // Debit Cards Included

Monthly Minimum
Monthly minimum is $50 per month

Re-Enrollment
75% of the Plan set-up fee (see above)

     
   
     
COBRASOURCE is your choice for COBRA and FSA administration.
Please contact COBRASOURCE, at (888) 966-6366.
We look forward to a compliant relationship.
     
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