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Average Ratings 0 Ratings

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ease
features
design
support

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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.

Description

Assist your workforce throughout their entire journey, from onboarding to their final day. Whether it's engaging with them during their tenure or aiding their transition, the ThrivePass benefits suite is designed to provide continuous support. You can either utilize the complete suite of benefits or select only those that are necessary. Empower your employees with the knowledge and resources they need to make informed decisions regarding their benefits selections. Streamline the management of eligibility, enrollment, status changes, and reporting all within a single platform. Employees are equipped with comprehensive information to identify the benefits that align with their personal needs. The lifestyle spending account allows employees to utilize funds on the marketplace or request reimbursements for various expenses. Regardless of the plan type, such as HRA, HSA, FSA, or Dependent Care, employees can conveniently access pre-tax smart accounts through the ThrivePass web or mobile application. Additionally, support employees during their departure by guiding them in selecting benefits that accommodate their evolving life situations, ensuring a smooth transition. By prioritizing their needs, your organization fosters a culture of care and support that enhances employee satisfaction.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Namely

Integrations

Namely

Pricing Details

No price information available.
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

Benefitbay

Founded

2013

Country

United States

Website

www.benefitbay.com

Vendor Details

Company Name

ThrivePass

Founded

2014

Country

United States

Website

thrivepass.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

Alternatives

Alternatives

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