NAICS Code 524298-22 - Cobra Administration

Marketing Level - NAICS 8-Digit

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NAICS CODE 524298-22
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Looking for more companies? See NAICS 524298 - All Other Insurance Related Activities - 3,539 companies, 77,299 emails.

NAICS Code 524298-22 Description (8-Digit)

Cobra Administration is a subdivision of the All Other Insurance Related Activities industry that involves the management and administration of COBRA (Consolidated Omnibus Budget Reconciliation Act) benefits for employees who have lost their job or had their hours reduced. COBRA Administration ensures that eligible employees and their dependents have access to continued health insurance coverage for a limited period of time after a qualifying event. This industry requires a high level of expertise in navigating complex regulations and compliance requirements.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 524298 page

Tools

Tools commonly used in the Cobra Administration industry for day-to-day tasks and operations.

  • COBRA software platforms
  • Compliance tracking software
  • Benefits administration software
  • Document management software
  • Customer relationship management (CRM) software
  • Electronic data interchange (EDI) software
  • Reporting and analytics tools
  • Communication tools (email, phone, video conferencing)
  • Project management software
  • Accounting and billing software

Industry Examples of Cobra Administration

Common products and services typical of NAICS Code 524298-22, illustrating the main business activities and contributions to the market.

  • COBRA benefits administration
  • Health insurance continuation
  • Employee benefits continuation
  • Benefits compliance management
  • Benefits eligibility verification
  • Benefits enrollment management
  • Benefits communication and education
  • Benefits plan design and consulting
  • Benefits claims management
  • Benefits cost containment

History

A concise historical narrative of NAICS Code 524298-22 covering global milestones and recent developments within the United States.

  • Cobra Administration is a sub-industry of the NAICS code 524298 - "All Other Insurance Related Activities". The Consolidated Omnibus Budget Reconciliation Act (COBRA) was enacted in 1985, which required employers with 20 or more employees to offer continuation of health coverage to employees and their dependents who lost coverage due to certain qualifying events. This led to the creation of the Cobra Administration industry, which provides administrative services to employers to comply with COBRA regulations. In recent years, the industry has seen advancements in technology, such as the use of online portals for enrollment and payment processing. Additionally, the Affordable Care Act (ACA) of 2010 expanded the scope of COBRA regulations, leading to increased demand for Cobra Administration services.