Audience

Platform for brokers, employers, and employees that enables quick and simple ICHRA deployment

About Benefitbay

Benefitbay leverages an all-new benefit option called ICHRA, which allows employers to reimburse employees for individual health plans while maintaining the tax advantages of a group insurance policy. Benefitbay gives employees the purchasing power to buy the best benefits to meet their own specific needs. We’ve zeroed in on the key features of ICHRA and built a platform focused on simplicity, compliance, smooth deployment, savings, and support. Arrange employees into approved classes like location, salaried vs. hourly, and age. Set your budget and assign a strategic contribution for each class. Employees are guided through simple shopping & enrollment. They can select any individual plan available to them in their location, on or off exchange. Advanced Reimbursement Accounts (ARC) are funded for automatic monthly premium payments. Pre-tax payroll deductions are set up for off-exchange plans & all plan documents are created.

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Integrations

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Ratings/Reviews

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Company Information

Benefitbay
Founded: 2013
United States
www.benefitbay.com

Videos and Screen Captures

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Product Details

Platforms Supported
Cloud
Training
Documentation
Webinars
Videos
Support
Online

Benefitbay Frequently Asked Questions

Q: What kinds of users and organization types does Benefitbay work with?
Q: What languages does Benefitbay support in their product?
Q: What kind of support options does Benefitbay offer?
Q: What type of training does Benefitbay provide?

Benefitbay Product Features

Benefits Administration

Retirement Plan Management
Disability Insurance Administration
Online Benefits Enrollment
Life Insurance Administration
FMLA Administration
COBRA Administration
For Employers
Employee Benefits Administration
HIPAA Compliant
Deduction Management
For Brokers
Claims Management
FSA Administration
Provider Management
Health Insurance Administration
Retiree Administration
Flexible Spending Accounts
Premium Billing
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