COBRA Digital Payment Options
Eliminate Paper Check Delays
Payments by paper check typically require up to three days for mail delivery plus additional time for the check to clear. ACH and credit card payments can receive instant authorization, which reduces the risk of late payments and can help COBRA participants stay enrolled.
Reduce Human Error
COBRA participants can make payments directly, using online portals. COBRA administrators don’t have to worry about data entry and the risk of miskeying information. COBRA participants also avoid bouncing checks.
Enjoy Robust Security
Mail check fraud is a growing problem. Many Americans now don’t want to risk putting checks in the mail. With ACH and credit card payments, COBRA participants can feel safe knowing their payments are being processed in secure, PCI DSS-compliant payment gateways.
Collect Processing Fees
COBRA administrators can pass the processing fees onto COBRA participants by adding these fees to the monthly payment amount. This makes digital payments as cost effective as they are convenient.
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