All employers want to take advantage of Section 125 and HRA tax-advantaged healthcare solutions offered by Core Documents; however, some may not want to deal with the day to day issues of administration or the HIPAA liability that comes from handling employees’ protected health information.
For these clients, CoreAdmin now offers a state-of-the-art online portal for Section 125, FSA, DCAP, HSA, and HRA plan administration, plus the added convenience of a debit card for every employee.
Debit cards allow your employees to instantly access their account balance. Employees will no longer have to wait for reimbursement.
Employees can also: enroll online, make instant changes to their information, and access their account balances and information via any Internet connection, any time of the day, seven days a week. This virtually eliminates internal inquiries by employees about their plan.
Unlike many administrators of Section 125 or HRA plans, CoreAdmin does not have a minimum participant monthly charge for small employers, but, the Administrative Service is provided for our Plan Document clients only. The Plan Document must be current and comply with the latest IRS and DOL guidelines. A minimum Set-Up Fee* will apply, but the Monthly Fee is just $10.00 per Participating Employee per month (pepm) for 1-5 participants.
Group Size
|
Set Up Fee*
|
Monthly Fee
|
1-5 employees |
$10.00 pe once
|
$10.00 pepm
|
6 -10 employees |
$9.00 pe once
|
$9.00 pepm
|
11-20 employees |
$8.00 pe once
|
$8.00 pepm
|
21 -50 employees |
$7.00 pe once
|
$7.00 pepm
|
51+ please call for a quote |
Call
|
Call
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*A minimum Set-Up Fee of $50.00 for FSA Plans will apply if you have less than five (5) participating employees. A minimum Set-Up Fee of $100.00 for HRA Plans will apply if you have less than thirteen (13) participating employees. The Per Participating Employee (pe) Set-Up Fee will be charged for new participants added more than 30 days after the initial Set-Up.
After you receive your BennyCard, register at https://mybenny.com (click on “Please Register”).You will need:
If your would like to select a PIN to be used with your BennyCard, call 1-866-898-9795 (the Durbin Amendment PIN FAQ can be viewed at “Forms & Letters” under the “Resources” tab at the Benefits Portal).