COBRA, or the Consolidated Omnibus Budget Reconciliation Act, is a federal law that requires employers to offer their employees the option to continue their health insurance coverage for a certain period of time after leaving their job. COBRA administration can be a complex and time-consuming process, which is why many companies turn to third-party administrators like Paycom to handle it for them. However, as the industry evolves, there are several alternatives and competitors to Paycom COBRA administration that provide similar capabilities with unique features. In this article, we will explore the 10 best Paycom COBRA administration alternatives and competitors in 2024.

1. Zenefits

Zenefits is a cloud-based HR software platform that offers COBRA administration as one of its many features. With Zenefits, employers can easily manage their COBRA obligations, including sending out notices, tracking payments, and handling claims. Zenefits also offers a range of other HR services, such as payroll, benefits administration, and onboarding, making it a comprehensive solution for businesses of all sizes.

2. ADP TotalSource

ADP TotalSource is a professional employer organization (PEO) that offers a range of HR services, including COBRA administration. With ADP TotalSource, employers can outsource their HR functions, including COBRA administration, to a team of experts who handle everything from enrollment to termination. ADP TotalSource also offers a range of other services, such as payroll, benefits administration, and compliance, making it a popular choice for businesses looking for an all-in-one HR solution.

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3. TriNet

TriNet is another PEO that offers COBRA administration as part of its suite of HR services. With TriNet, employers can outsource their HR functions, including COBRA administration, to a team of experts who handle everything from enrollment to termination. TriNet also offers a range of other services, such as payroll, benefits administration, and risk management, making it a comprehensive solution for businesses looking to outsource their HR functions.

4. Gusto

Gusto is an HR software platform that offers COBRA administration as one of its many features. With Gusto, employers can easily manage their COBRA obligations, including sending out notices, tracking payments, and handling claims. Gusto also offers a range of other HR services, such as payroll, benefits administration, and onboarding, making it a comprehensive solution for small businesses.

5. Paychex

Paychex is an HR outsourcing company that offers a range of services, including COBRA administration. With Paychex, employers can outsource their HR functions, including COBRA administration, to a team of experts who handle everything from enrollment to termination. Paychex also offers a range of other services, such as payroll, benefits administration, and compliance, making it a comprehensive solution for businesses of all sizes.

6. The Hartford

The Hartford is an insurance company that offers COBRA administration as part of its suite of group benefits services. With The Hartford, employers can easily manage their COBRA obligations, including sending out notices, tracking payments, and handling claims. The Hartford also offers a range of other group benefits services, such as disability insurance, life insurance, and retirement plans.

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7. Benefitfocus

Benefitfocus is an HR software platform that offers COBRA administration as one of its many features. With Benefitfocus, employers can easily manage their COBRA obligations, including sending out notices, tracking payments, and handling claims. Benefitfocus also offers a range of other HR services, such as benefits administration, enrollment, and communication tools.

8. TriBridge Partners

TriBridge Partners is a benefits administration company that offers COBRA administration as part of its suite of services. With TriBridge Partners, employers can outsource their COBRA administration to a team of experts who handle everything from enrollment to termination. TriBridge Partners also offers a range of other benefits administration services, such as health and welfare benefits, retirement plans, and flexible spending accounts.

9. ConnectYourCare

ConnectYourCare is a benefits administration company that offers COBRA administration as part of its suite of services. With ConnectYourCare, employers can easily manage their COBRA obligations, including sending out notices, tracking payments, and handling claims. ConnectYourCare also offers a range of other benefits administration services, such as health savings accounts (HSAs), health reimbursement arrangements (HRAs), and dependent care flexible spending accounts (FSAs).

10. HealthEquity

HealthEquity is a benefits administration company that offers COBRA administration as part of its suite of services. With HealthEquity, employers can easily manage their COBRA obligations, including sending out notices, tracking payments, and handling claims. HealthEquity also offers a range of other benefits administration services, such as HSAs, HRAs, and retirement plans.

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In conclusion, while Paycom COBRA administration has been a popular solution for businesses looking to outsource their COBRA obligations, there are several alternatives and competitors available in 2024. Whether you prefer the comprehensive HR services of Zenefits and ADP TotalSource, the benefits administration expertise of The Hartford and HealthEquity, or the flexible options of ConnectYourCare and Benefitfocus, there are numerous options to explore. Consider these 10 Paycom COBRA administration alternatives and competitors to find the solution that best suits your business needs in 2024.