Average Ratings 0 Ratings
Average Ratings 0 Ratings
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
WEX streamlines benefit management for all users through its cutting-edge, adaptable, and individualized benefits platform. We recognize that enhancing accessibility is key to fostering both engagement and satisfaction among account holders. With the WEX benefits platform, participants can conveniently access and oversee all their benefits through a single online account, a unified mobile app, and just one debit card. Our advanced technology smartly selects the appropriate benefits account (utilizing the correct percentage and sequence) during transactions, allowing participants to rely on a single debit card regardless of their enrollment in various benefits (such as health or commuter). As a result of the WEX benefits platform, participants can effortlessly manage their health benefits (including HSA, FSA, and HRA) alongside commuter perks, all from a single online account that provides a comprehensive view of contributions, transactions, notifications, and additional information in a centralized location. This integration not only enhances user experience but also encourages better financial management and planning for participants.
API Access
Has API
API Access
Has API
Integrations
Clue
GPS Insight
Linxup
MobiWork
PCS TMS for Shippers and Carriers
Rastrac
Toro TMS
Truckin Digital
Integrations
Clue
GPS Insight
Linxup
MobiWork
PCS TMS for Shippers and Carriers
Rastrac
Toro TMS
Truckin Digital
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
Evolution1
Founded
1983
Country
United States
Website
www.wexinc.com/products/benefits/
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