EMPLOYERS
Beneliance helps you attract and retain quality employees with in-demand, cost-effective benefit programs.
FSA Administration
Supplementing your healthcare coverage with additional benefits is a priority for companies wanting to attract and retain the best available talent. With a Flexible Spending Account (FSA), your employees can set aside money pre-tax to help cover their out-of-pocket medical expenses for themselves and their families.
Increase payroll tax savings
Higher employee satisfaction
Flexible plan options
Limited Purpose FSAs
Limited Purpose FSAs operate like standard healthcare FSAs but limit eligible expenses to qualified dental and vision care. These accounts are often paired with Health Savings Accounts. For employees contributing to an HSA, the Limited Purpose FSA is the only type of healthcare FSA they can have at the same time.
Dependent Care FSA
A Dependent Care FSA can help employees by allowing them to set aside money to cover care for their dependents under age 13, or those over age 13 who are unable to care for themselves, while they work. Employees can set aside up to $5,000 for day care, before- and after-school care, summer camps, and more! Help increase payroll tax savings while easing the burden of dependent care expenses.
Transit Accounts
Offering a Transit/Commuter benefit account is great way to round out your benefits package and achieve higher employee satisfaction. Employees set aside tax-free contributions for common commuter expenses, such as parking fees and mass transit fare. In addition, our benefits debit card utilizes a stacked environment, allowing multiple benefit accounts on one card – offering the ultimate in convenience!
Why Choose Beneliance?
Beneliance offers comprehensive FSA administration, including health FSAs, dependent care FSAs, and Premium Only Plans (POP). Our team has the knowledge and experience to deliver a superior experience to your employees, including enrollment and educational support.
Convenience
We offer the ultimate in convenience for employers and employees with online enrollment, online claims and receipt submission, benefits cards, and mobile app. We also turnaround most claims by the next business day with a claims record of over 99% accuracy.
Flexibility
We can set up your FSA plan with flexible spending options and tailor claims adjudication to your schedule.
Real-Time Reporting
Our platform features an online employer module and reporting capabilities. Employees can see up-to-the-minute account balances online or through the mobile app.
FSA Materials and Forms for Employers
HSA Administration
By integrating a High Deductible Health Plan (HDHP) with an HSA, you can offer your workforce increased payroll tax savings and lower healthcare costs. This option is available for all types of companies, including C-Corps, S-Corps, and LLCs, providing advantages for both business owners and their employees.
Lower premiums
Increase payroll tax savings through contributions to your employees' accounts
Higher employee satisfaction
HSA Materials and Forms for Employers
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 know-how to help boost enrollment in order for you and your employees to 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. There’s no need for you or your employees to seek additional banking or investing relationships to enjoy the benefits an HSA offers.
Convenience
With online enrollment, self-service account management, simplified account funding, mobile app, benefits card and more, our HSA offers a level of convenience you won't find elsewhere.
Technology
Our state-of-the art, cloud-based platform allows employees to store their receipts and other necessary documents electronically. With leading-edge security features, our HSA benefit card reduces the incidence of fraud and abuse.
HRA Administration
Offer a robust healthcare benefits package with an employer-funded Health Reimbursement Arrangement! HRAs of all types – including group health HRAs, Individual Coverage HRAs (ICHRAs), Excepted Benefit HRAs (EBHRAs), and Qualified Small Employer HRAs (QSEHRAs) – allow both employers and employees to save on the cost of healthcare. These accounts help employees with tax-free reimbursement for qualified medical expenses (which can include health insurance premiums, depending on the type of HRA chosen) up to a fixed dollar amount per year.
Increase payroll tax savings
Higher employee satisfaction
Compliance with HIPAA and ERISA
Flexible plan options
HRA Materials and Forms for Employers
Why Choose Beneliance?
Beneliance offers HRA plans with Claims Crossover to provide the fastest possible claims payment to your employees without them having to pay an eligible expense and then file for reimbursement. Our experienced team knows the ins-and-outs of plan setup and HRA administration; we can help you deliver a better overall benefit experience in order to help you attract and retain top-quality talent for your company.
Flexibility
Beneliance can set up and administer nearly unlimited plan types, from the simplest to the most complex. When you offer an HRA, you’re in full control over every aspect – funding amounts, contribution schedules, eligible expenses, reimbursements, and much more!
Compliance
With our team's wealth of experience, we are familiar with all regulatory requirements to guarantee that your plans are set up and maintained in complete accordance with the law.
Real-time record keeping
Our system’s real-time record keeping allows employees and employers to keep track of their plans, available funding, reimbursements, and more.
COBRA Administration
If your business employs 20 or more people, you are required to offer COBRA insurance coverage. When an employee experiences a qualifying event (job loss, reduction in hours, etc.) that causes them to lose their healthcare coverage under the company’s group plans, by law they must be given the option to continue coverage for themselves and/or their covered dependents at their expense.
Compliance
COBRA compliance is crucial, as the laws and regulations are both strict and complex. Choosing to self-administer COBRA is risky since the costs for failure to comply can be staggering.
Experience
With over two decades of experience, Beneliance knows COBRA. Our knowledgeable staff will ensure your COBRA administration needs are addressed quickly and accurately, and in compliance with all applicable laws and regulations.
COBRA Materials and Forms for Employers
Why Choose Beneliance?
When it comes to COBRA, every single detail must be handled correctly the first time, every time. Even the smallest mistake can spell disaster. Trust us to administer your COBRA in a timely, accurate, and compliant fashion, following all applicable laws and regulations.
Compliance
Our highly experienced team knows the regulatory requirements and will ensure your plan is set up and administered in full regulatory compliance.
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
Run automated and on-demand reports in the most popular formats to meet internal or broker needs.
