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Description
Abenity provides a solution to enhance your employees' disposable income through discounts that amount to over $4,500 in savings. This approach is akin to granting a worldwide salary increase, but without the financial burden of raising annual wages. This is particularly significant considering that approximately half of the workforce in the United States is currently concerned about their financial situation! Statistically, this indicates that a substantial portion of your employees is experiencing money-related stress at this very moment, and this financial anxiety has been estimated to cost companies over $500 billion each year in decreased productivity. Moreover, while it is essential to discover dependable money-saving strategies, the process can be quite overwhelming. With minimal accountability from merchants, employees often waste time searching for the best deals, their privacy may be compromised, and they frequently miss out on genuine savings. This is precisely where Abenity steps in. For more than ten years, Abenity has been delivering employee discount programs that have helped millions of members achieve substantial savings they can trust, proving that financial relief is achievable. By leveraging Abenity’s services, employers can not only foster a more financially secure workforce but also boost overall employee satisfaction and morale.
Description
Benefitbay introduces a revolutionary benefit option known as ICHRA, which enables employers to reimburse their workforce for individual health plans while preserving the tax benefits associated with traditional group insurance policies. This innovative approach empowers employees to choose the most suitable benefits tailored to their unique requirements. Our focus is on the essential attributes of ICHRA, resulting in a user-friendly platform designed for ease of use, compliance, efficient deployment, cost savings, and robust support. Employers can categorize employees into designated classes based on criteria such as location, job type, or age group. After establishing a budget, they can strategically allocate contributions for each categorized group. Employees benefit from a straightforward shopping and enrollment process, allowing them to select any individual health plan available to them, whether on or off the exchange. Additionally, Advanced Reimbursement Accounts (ARC) facilitate automated monthly premium payments, while pre-tax payroll deductions are organized for off-exchange plans, and all necessary plan documentation is efficiently generated. This setup ultimately enhances employee satisfaction and engagement in managing their health benefits.
API Access
Has API
API Access
Has API
Integrations
CommuteHub by RideAmigos
Pricing Details
$350 per month
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Abenity
Country
United States
Website
abenity.com
Vendor Details
Company Name
Benefitbay
Founded
2013
Country
United States
Website
www.benefitbay.com
Product Features
Benefits Administration
COBRA Administration
Claims Management
Deduction Management
Disability Insurance Administration
Employee Benefits Administration
FMLA Administration
FSA Administration
Flexible Spending Accounts
For Brokers
For Employers
HIPAA Compliant
Health Insurance Administration
Life Insurance Administration
Online Benefits Enrollment
Premium Billing
Provider Management
Retiree Administration
Retirement Plan Management
Product Features
Benefits Administration
COBRA Administration
Claims Management
Deduction Management
Disability Insurance Administration
Employee Benefits Administration
FMLA Administration
FSA Administration
Flexible Spending Accounts
For Brokers
For Employers
HIPAA Compliant
Health Insurance Administration
Life Insurance Administration
Online Benefits Enrollment
Premium Billing
Provider Management
Retiree Administration
Retirement Plan Management