Alegeus Technologies,the market leader in healthcare and benefit payments, is pleased to report a major Federal policy change relating to flexible spending accounts (FSAs) that has many positive implications for all FSA constituents. In an announcement today, the US Treasury Department modified its FSA “use-it-or-lose-it” provision to allow rollover of FSA funds. Effective in plan year 2014, employers that offer FSA programs will have the option of allowing participants to roll over up to $500 of unused funds at the end of the plan year. Effective immediately, employers that offer FSA programs that do not include a grace period will have the option of allowing employees to roll over up to $500 of unused funds at the end of the current 2013 plan year.
Alegeus Technologies, the market leader in healthcare and benefit payments, today announced expanded marketing support for clients, including the launch of the Alegeus Technologies Marketing Portal. Designed to enhance client marketing efforts to employers and participants, the expanded marketing toolkit and self-service marketing portal aim to increase participant enrollment in tax-advantaged benefit accounts and support client efforts to win new employer customers.
Alegeus Technologies, the market leader in healthcare and benefit payments, today announced it was named a market leader in a recently-released Aite Group Impact Report entitled Private Healthcare Exchanges: A Looming Affordable Care Act Roadblock. The report surveyed commercial health insurers and TPA senior business executives and focuses on key areas of the emerging private healthcare exchange market - including timing, barriers, the retail-channel opportunity, and leaders and laggards among a growing list of private exchange vendors focusing on enrollment and payment technologies.
Alegeus Technologies, the market leader in healthcare and benefit payments, today released the results of an original market research survey – commissioned by Alegeus, and conducted in July 2013 by a third party research firm. The study polled more than 500 health benefit decision-makers at a cross-section of US employers on the topics of defined contribution health benefits and private insurance exchanges. Survey participants reported high levels of familiarity and interest in exploring defined contribution and private exchanges – with strong evidence that 2015 will be a 'tipping point' year for adoption.
Alegeus Technologies, the market leader in healthcare and benefit payments, today announced major enhancements to its consumer directed healthcare (CDH) platform, by expanding its flexible benefit account processing capabilities to include an Health Savings Account (HSA) recordkeeping component. This expanded HSA functionality creates the industry’s only single, wholly-owned technology platform to handle CDH administration, benefit card processing and HSA recordkeeping.
Alegeus Technologies, the market leader in healthcare and benefit payments, today announced that HealthPlan Express, a national affiliation of medical and health insurance brokers, has selected the Alegeus WealthCare Marketplace platform to power its new private insurance exchange. Focused on individuals, families, and small businesses with less than 15 employees (sometimes referred to as ‘baby groups’), HealthPlan Express is launching its private exchange to capitalize on market opportunities resulting from healthcare reform.
Alegeus Technologies, the market leader in healthcare and benefit payments, today announced that it has experienced widespread demand for its mobile application (WealthCare Mobile), with twenty additional clients – including American Benefits Group – adopting the mobile application since April 2013. A leading national third party administrator of pre-tax consumer reimbursement benefits (FSA, HRA, HSA, and Transit/Parking) as well as COBRA administration services, American Benefits Group is aiming to increase participant engagement, gain competitive advantage, and reduce servicing costs by giving participants the ability to manage consumer directed healthcare (CDH) and other tax-advantaged benefit accounts via mobile devices.
Alegeus Technologies, the market leader in healthcare and benefit payments, today announced that PrimeFlex Administrative Services, LLC, a subsidiary of PrimePay and a leading provider of payroll, tax, HR and benefit services, has selected the Alegeus WealthCare Marketplace platform to power its fully-branded private exchange solution, called The PrimePay Marketplace. Designed for broker partners and employer clients, The PrimePay Marketplace will complement existing offerings to support a wider array of employer funding strategies – such as defined contribution plans.
Alegeus Technologies, the market leader in healthcare and benefit payments, today released an infographic highlighting the path to defined contribution health benefits. The infographic highlights the market forces that are driving a shift toward defined contribution health benefit programs, which are emerging as a mechanism to drive more predictable healthcare costs for employers and increased choice and value for employees.