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Among the most important tasks for any HR manager is ensuring the company complies with legislative requirements; failure to do so can lead to severe penalties. Keeping up with all the requirements and filing deadlines, however, can be an all-consuming job.
Cornerstone Benefits lifts the compliance burden from the shoulders of your HR department. At no charge to you, we work through third-party administrators to handle all the administrative work associated with COBRA, HIPAA, FMLA and Section 125 programs so that you can devote your time to strategies instead of paperwork.* .
In the administration of COBRA, for example, administrators associated with Cornerstone handle the initial notice, event notice and extension notice. We provide notification of open enrollment and any plan changes, along with group cancellation notices and notice of the right to convert. Each of these steps must operate on a tightly controlled schedule, and Cornerstone takes charge of that calendar so that you can free up time on yours.
We also assist in the completion of mandated summary plan descriptions and post those documents on your online benefits Web site so they are available directly to your employees.
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As changes in regulations are considered, are enacted and become effective, we keep you up to date through our Legislative Brief newsletter. This publication helps you stay ahead of the regulatory curve in your planning and provides interpretation and advice from experienced benefits attorneys.
Helping our clients improve accuracy and save time in handling their compliance programs is another value-added service from Cornerstone Benefits.
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*None of our services should be construed to include legal/accounting or third-party administrative services.
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