Marketplace
COBRA
When it comes to COBRA, you need someone you can trust. We’ve created automated solutions that go to work for you by meeting every regulation. Your former employees can manage it all on their mobile app and our empathetic service experts will be there to support every step of the way.
Save time
WEX sends important communications to your qualified beneficiaries, including Specific Rights Notices. We also communicate eligibility and coverage changes to insurance carriers. And we keep you in compliance to help prevent costly delays due to missed deadlines.
Save money
When you choose WEX, you only pay the PEPM fee (or monthly minimum fee, if applicable). There are no additional changes for:
• Implementation
• Renewal
• Member paperwork (election paperwork, rate changes, plan changes, etc.)
• Carrier notifications
• Takeovers (changing COBRA administrators)
Get support
We offer continuous education in a number of ways, including through our blog, videos and Answers™ knowledgebase. We also provide experienced customer service via phone, live chat and email.
Offer payment flexibility
We have convenient payment options for your COBRA members, including automated ACH and online bill pay. Your members can also easily manage their COBRA in the palms of their hands with the COBRA Mobile App from WEX.
Provide alternative coverage
You and your qualified beneficiaries can potentially save when they’re able to shop for a customizable alternative to COBRA. That’s why we offer a Marketplace at no cost to you! On average, a single person saves $150 per month and a family saves $675 per month with coverage through our Marketplace rather than COBRA.
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