What Are the Consequences for Failing to Comply?

With HIPAA?

Employers and insurers that do not comply with HIPAA will face monetary penalties and lawsuits. When enforcement action is taken against a plan, the employer sponsoring the plan generally is held responsible. HIPAA is jointly enforced by the IRS, the Department of Labor (DOL), and the Department of Health and Human Services (HHS).

In addition, plan participants and beneficiaries may be able to bring private lawsuits to enforce HIPAA’s PCE, special enrollment, and nondiscrimination provisions. Anyone can file a complaint with HHS if they believe that an entity is not complying with HIPAA’s privacy or security requirements.

 

With COBRA?

Failure to comply with COBRA can lead to significant financial consequences. Different consequences flow from different compliance failures, and, of course, the amount of possible damages awarded in any particular case will depend on the circumstances of the qualified beneficiary (or beneficiaries). But all of the following consequences can arise from a COBRA compliance failure:

If you have any questions about or need assistance with anything in this document please do not hesitate to contact the TCO Compliance Officer at complianceofficer@tboiservices.com.