Alegeus Announces Employee Care Card Program to Enable Employers to Financially Support Employees During COVID-19 Crisis

Waltham, MA — March 25, 2020 — In response to the COVID-19 crisis, Alegeus, the market leader in consumer-directed healthcare (CDH) solutions, today announced a new offering, the Employee Care Card, which enables employers to offer targeted financial support for employees to address their most immediate needs as the pandemic continues to unfold. Employees receive these relief funds via a convenient debit card, supported by a simple online experience that allows them to check their balance and view transactions.

The Employee Care Card offers employers more flexibility than cash or gift cards to provide financial aid to their employees as they navigate this crisis. Employers determine the amount they wish to contribute per employee, as well as the type of eligible expenses they want to allow – from groceries and home office supplies to educational supplies and more. Unlike cash or gift cards, employers control how the dollars can be spent, preserve unspent dollars, and gain real-time insight into employee spending trends. All of this comes in a turnkey program that doesn’t add work for already-stretched-thin internal resources.

For Alegeus third-party administrator and health insurance plan clients that already offer account-based benefit programs to employers, the Employee Care Card represents a tremendous new product opportunity to deliver expanded value and to help their customers through a very challenging time in their business. Like all Alegeus products, clients will have the ability to configure and brand program materials and the experience.

“As COVID-19 continues to put tremendous pressure on people, families, businesses and the economy at large, employers are looking for ways to support their employees through this crisis,” said Steven Auerbach, Alegeus CEO. “The Employee Care Card gives them a highly flexible and configurable way to provide meaningful assistance during an unprecedented time.”

To learn more, view an informational webinar. Click here to register.

About Alegeus

With more than 25 years of growth and innovation, Alegeus is the market leader in SaaS-based healthcare payment solutions. Our highly flexible, white-label platform powers account-based benefit programs such as HSAs, FSAs, HRAs, COBRA, wellness incentives, lifestyle benefits and beyond. We deliver exceptional user experiences and differentiated capabilities that help our partners strengthen their product offerings, operate more efficiently, and unlock their full growth potential. Our partnerships with the industry’s leading health plans, third-party administrators, financial services and benefit solution providers give Alegeus unparalleled reach in the market. And our unique partnership model empowers our clients to achieve outsized results – growing their programs at a rate that is 2-3X the market, and with the highest net promoter scores (NPS) in the industry. We never compete with our clients – we win when they win. Alegeus is headquartered in Waltham, Mass., with operations centers in Orlando and Bangalore, and a large remote workforce.

Sign up for our newsletter

Get started with the Employee Care Card

Learn more

Alegeus Earns Important New Patent Grants

Alegeus Selected for BenefitsPRO’s 2023 LUMINARIES Award

Alegeus Earns 2023 Great Place To Work® Certification

New Alegeus Research Highlights In-Demand Benefits

Alegeus Sees Continued Momentum for its Market-Leading COBRA Platform

Alegeus Leaders Named to CRN’s 2023 Women of the Channel

Alegeus Announces Recipients of 2023 APEX Awards for Partner Excellence

New Alegeus Research Finds Many Laid-Off Employees are Unfamiliar with Continuation of Health Coverage

Alegeus Appoints Melanie Hallenbeck as Chief Growth Officer

Alegeus to Highlight the Future of Healthcare Payments at 2023 Partner Success Summit

Alegeus Wins 2023 FinTech Breakthrough Award for Best Employee Benefits Solution

Through its Unique Partnership Model, Alegeus Caps Strong Fiscal Year