BROKERS
We provide insurance brokers with professional third-party benefits administration for their employer clients and their employees
FSA Administration
Adding a Flexible Spending Account (FSA) to your clients' employee benefits packages allows you to elevate their healthcare offerings with extra advantages. This feature empowers employees to use pre-tax income for managing their own and their family's medical expenses, thereby improving their healthcare coverage and offering a tax-smart way to deal with out-of-pocket costs.
Increase payroll tax savings for employees
Higher employer and employee satisfaction
Flexible plan options for employers
Limited Purpose FSAs
Limited Purpose FSAs offer a strategic advantage for your clients by providing a specialized option that complements Health Savings Accounts. These accounts focus exclusively on qualified dental and vision care expenses, making them an attractive addition for clients with HSAs. For employees contributing to an HSA, the Limited Purpose FSA is the only compatible healthcare FSA, ensuring seamless integration and enhanced benefits management.
Dependent Care FSA
Incorporating a Dependent Care FSA in a client's employee benefits package enables employees to reserve funds for the care of dependents under 13 (and older dependents who require support) while away at work. By allowing the pre-tax set-aside of up to $5,000 for services like daycare, after-school care, and summer camps, Dependent Care FSAs offer valuable tax savings and help reduce financial pressures. As a broker, adding this feature can greatly elevate the employee benefits your clients provide.
Transit Accounts
Elevate employee satisfaction levels for your employers by integrating a Transit/Commuter option into their employee benefits packages. This unique perk enables employees to save on commuting expenses tax-free, including parking and public transportation costs. Our benefits debit card further enhances convenience by merging multiple benefit accounts onto a single card. For brokers, this option could revolutionize the way you offer comprehensive and appealing benefits packages to your employers.
Why Choose Beneliance?
Beneliance provides comprehensive FSA administration services, encompassing health FSAs, dependent care FSAs, and Premium Only Plans (POP). Our seasoned team is equipped to offer an exceptional experience to your employers, inclusive of enrollment and educational assistance.
Convenience
Providing convenience is our top priority for both employers and employees with our online enrollment, claims submission, benefits cards, and mobile app. We are dedicated to efficient claims processing, with most claims resolved by the next business day and an outstanding accuracy rate of over 99%.
Flexibility
Customize your employers' FSA plans with a range of spending options and tailor claims adjudication to suit their needs and timeline.
Real-Time Reporting
Elevate your client experience by utilizing our online broker module and reporting functionalities, ensuring you have the most relevant and precise information available.
FSA Materials and Forms for Your Clients
HSA Administration
Are your employers struggling with the challenges of high deductible health plans? Help them provide tax savings and lower healthcare costs by introducing a Health Savings Account (HSA).
By integrating a High Deductible Health Plan (HDHP) with an HSA into their employee benefits packages, your clients can help employees increase payroll tax savings and lower healthcare costs. This option is available to all types of businesses, including C-Corps, S-Corps, and LLCs, providing advantages for both business owners and their employees.
As a broker, this addition can be a powerful tool in your arsenal, allowing you to present more affordable and comprehensive employee benefits packages.
Lower premiums
Increase payroll tax savings through employer contributions to employees' accounts
Higher employer and employee satisfaction
HSA Materials and Forms for Your Clients
Why Choose Beneliance?
Beneliance brings 20 years of experience in HSA administration to the table. Our knowledgeable team has a strong grasp of the market and valuable industry insights. We provide the educational tools and strategies necessary to boost enrollment, helping you and your clients' employees increase payroll tax savings.
One-stop HSA Management
We provide a comprehensive suite of HSA management services, including account administration, custodial banking, and integrated investments, all under one roof. This eliminates the need for your clients or their employees to establish additional banking or investment relationships to reap the benefits of an HSA.
Convenience
Our HSA service offers unparalleled convenience with features like online enrollment, self-service account management, streamlined account funding, a mobile app, benefits card, and more.
Technology
Our cutting-edge, cloud-based platform enables employees to electronically store receipts and other essential documents. Coupled with top-tier security measures, our HSA benefit card minimizes the risk of fraud and misuse.
HRA Administration
Help your employers offer comprehensive employee benefits packages by implementing an employer-sponsored Health Reimbursement Arrangement! With a range of HRA options available, like ICHRAs, EBHRAs, and QESHRAs, lower healthcare costs can be achieved for both employers and employees.
These employer-funded accounts enable tax-free reimbursements for eligible medical expenses, including health insurance premiums, up to a specified yearly limit.
Embracing this opportunity as a broker can greatly enrich your offerings, providing more well-rounded and economical employee benefits packages.
Increased tax savings
Higher employer and employee satisfaction
Compliance with HIPAA and ERISA
Flexible plan options
HRA Materials and Forms for Your Clients
Why Choose Beneliance?
At Beneliance, we offer HRA plans with Claims Crossover, guaranteeing speedy claims payment for your clients' employees. With our expert team handling plan setup and administration, we can help enhance your clients' benefits experience, making it easier for them to attract and retain top talent.
Flexibility
Beneliance is equipped to create and oversee a diverse range of plan types, from the simplest to the most complex. When your client chooses an HRA, they retain full authority over all aspects, including funding levels, contribution timelines, eligible expenses, and reimbursement processes.
Compliance
With our team's wealth of experience, we are familiar with all regulatory requirements to guarantee that your clients' plans are set up and maintained in complete accordance with the law.
Real-time record keeping
Our system’s real-time record keeping feature allows both employees and employers to monitor their plans, available funds, reimbursements, and more.
COBRA Administration
For your clients who employ 20 or more individuals, providing COBRA insurance coverage is mandatory. In the event of a qualifying circumstance, such as job termination or reduced work hours, that would result in the loss of healthcare coverage under the company’s group plan, the affected employees can maintain coverage for themselves and their dependents at their own cost.
As a broker, understanding and communicating these requirements can enhance your service offering and client relationships.
Compliance
COBRA compliance is crucial, as the laws and regulations are both strict and complex. If your clients choose to self-administer COBRA, it can be risky since the costs for failure to comply can be staggering.
Experience
With over two decades of experience, Beneliance knows COBRA. In addition to our other menu of benefits services, our knowledgeable staff will ensure your clients' COBRA administration needs are addressed quickly and accurately, and in compliance with all applicable laws and regulations.
COBRA Materials and Forms for Your Clients
Why Choose Beneliance?
In the world of COBRA, precision is absolutely crucial. Every aspect must be flawlessly carried out on the initial try, without fail. Even the smallest mistake can result in major complications. Count on us to handle COBRA administration for your clients in a timely, accurate, and compliant fashion, following all applicable laws and regulations.
Regulatory Compliance
With our extensive experience, our team is highly knowledgeable about regulatory requirements and will guarantee that your plan is set up and handled in complete accordance with regulations.
Payment Flexibility
COBRA recipients can choose from a range of payment options including check, ACH, mobile app, or third-party payments. Additionally, they have the option to take advantage of advance payment schedules.
Real-Time Reporting
Our system allows for the generation of automated and on-demand reports in the most commonly used formats to cater to employer requirements.
