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Why choose Accordia Bank's COBRA administration?

Accordia Bank administers COBRA on the same platform as our HSA, FSA and HRA business. For employers who are already running spending accounts with us, COBRA adds no second vendor, no second file feed and no second implementation.

COBRA is the piece of benefits administration where a missed deadline becomes a statutory penalty. Our administration covers the notice and election cycle, qualified beneficiary tracking, premium billing and collection, and carrier reporting, with documented timing and an audit trail the employer can pull from the employer portal.

Qualified beneficiaries get online election and a portal for premium payment and account status. Employers get real-time visibility into elections, payment status and terminations, with reporting and flexible broker permissions.

We are file vendor agnostic. We work with any payroll, benefits administration or file vendor. Qualifying events can flow from your existing feed rather than being keyed in a second system.

The employer remains the plan sponsor and retains legal responsibility for COBRA compliance. Accordia performs the administrative functions elected by the employer.

Accordia Bank is a trade name of Quill Bank, a Utah state-chartered bank headquartered in Pleasant Grove, Utah.