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
No integrations listed.
Company Information
Benefitbay
Founded: 2013
United States
www.benefitbay.com
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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?
Benefitbay works with these users and organization types: Mid Size Business, Small Business, Enterprise, Freelance, Nonprofit, Government, and Startup.
Q: What languages does Benefitbay support in their product?
Benefitbay supports these languages: English.
Q: What kind of support options does Benefitbay offer?
Benefitbay offers support via online.
Q: What type of training does Benefitbay provide?
Benefitbay provides training in the form of documentation, webinars, and videos.
