Generally, Employers know about basic COBRA administration requirements for Medical coverage. However, there is often oversight of less common plans subject to COBRA, causing Employers to fall into costly lawsuits, or be subject to hefty government penalties. One such plan is the “EAP” or Employee Assistance Program.
By understanding what an EAP (Employee Assistance Program) is, as well as how it should be handled in terms of COBRA administration, will help keep your company sponsored benefits on track.
What’s an EAP?
While Employee Assistance Programs vary from plan to plan, many provide support for serious issues employees may face such as mental health programs, health and caregiving, counseling, family services, and even financial services.