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/PRNewswire/ DataPath, Inc. today announced the launch of Accelergent Growth Solutions to help companies in the benefits, financial services, and insurance.
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LITTLE ROCK, Ark., Feb. 16, 2021 /PRNewswire/ DataPath, Inc., a leading developer of technology solutions for employee benefits administration, has published a whitepaper titled, COVID-19 and COBRA Continuation Insurance: Where Do We Stand? The paper takes a deeper look at the effect of the COVID-19 healthcare crisis on the economy – specifically, its impact on the COBRA insurance market – and how an upcoming deadline could wreak havoc for administrators.
In March 2020, the Federal response to the COVID healthcare crisis included a one year Outbreak Period, defined by a joint final notice issued by the Internal Revenue Service and Department of Labor as beginning March 1, 2020 and ending February 28, 2021. With the end looming, third party administrators, employers, and insurance carriers could face some serious issues regarding notices to beneficiaries, COBRA elections, and premium payments, all of which were temporarily suspended