Alegeus and Wage Parity Experts Partner to Drive Improved Benefits Experience for Homecare Workers
Published on September 26th, 2022
Powered by Alegeus, Wage Parity can better serve agencies and their employees amidst New York’s forthcoming wage increase for homecare workers
WALTHAM, Mass. – Alegeus, the market leader in healthcare payment solutions, today announced continued momentum in its partnership with Wage Parity Experts, a tech-based administrator serving the rapidly growing wage parity market.
Enacted in New York in 2012 and overhauled in 2020, the Wage Parity Law is designed to give homecare workers additional compensation in the form of salary, benefits, or a combination of both. Wage Parity Experts combines intelligent technology with high-quality administration services to help keep homecare agencies compliant with the law. The organization also works to ensure accountability with the prevailing wage, which applies to public works contractors in New York and 25 other states.
“Due to our singular focus on the rapidly growing and evolving wage parity space, we wanted a technology partner with a deep understanding of healthcare payments that could help us achieve our goal of innovating and delivering optimal user experiences. Alegeus has been a difference maker,” said Jamel Wright, founder and CEO, Wage Parity Experts. “Working with Alegeus and utilizing its market-leading white-label technology gives us full control of plan design and ensures that when a client has an issue, we can quickly deliver a positive solution.”
With New York expected to increase the minimum hourly homecare wage by $2 on October 1, 2022, Wage Parity Experts anticipates a greater demand for flexible benefits among its client base. With homecare workers increasingly relying on their mobile devices for many aspects of life, Wage Parity leverages the mobile-first Alegeus platform to deliver a convenient and engaging user experience.
“Wage Parity Experts is an innovator in the important and expanding wage parity sector and has had a huge impact on driving adoption of accounts and transforming how benefits dollars are delivered,” said Mark Waterstraat, chief customer officer, Alegeus. “We’re happy to partner with them in helping agencies comply with wage parity requirements while delivering first-rate experiences for their employees.”
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.