Alegeus Announces Employee Care Card Program to Enable Employers to Financially Support Employees During COVID-19 Crisis
Published on March 25th, 2020
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.”
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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, with access to more than 100 million commercially insured Americans. And our unique partnership model empowers our clients to achieve outsized results – growing their programs at a rate that is 3-4X the market, and with the highest net promoter scores (NPS) in the industry. We never compete with our clients in the market – we win when they win. Alegeus is headquartered in Waltham, Mass., with operations centers in Orlando and Bangalore, and a large remote workforce.