Employers subject to COBRA can also be subject to a DOL audit of the documents, procedures and processes related to those benefits. In March 2012, the IRS provided a plan for COBRA audits and published a guide on audit techniques for examiners to determine an employer’s COBRA compliance.
Whatever process an employer chooses to follow in order to prepare for the on-site investigation, preparation, organization, and accessibility of information are critical to an efficient audit. Here are some key steps in how to make what is scheduled to be a multi-day audit into an audit that can be wrapped up in a matter of hours.
Employers should consider taking a serious look at their group health plans, not only for compliance with the PPACA, but also with the long standing mandates for group health plans – ERISA, HIPAA, COBRA and others laws.
Join us for June’s Employer Webinar and discuss DOL audits and how to respond when you receive one.
