Claim Processing Solutions for Section 125 FSA and HRA Plans
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 Claim Processing or the HIPAA
liability that comes from handling employees’ protected health
information.
For these clients, CoreAdmin offers a state-of-the-art online portal for Section
125, FSA, DCAP, and HRA Claims Processing, plus the added convenience of a debit
card for every employee.
CoreAdmin services for HRA and FSA.
CoreAdmin Web Based HRA and FSA Claims Processing Brochure & Form
Debit cards allow your employees to instantly
access
their account balance. Employees will no longer have to wait for reimbursement.
CoreAdmin provides two Benefit Cards to each Participant at no
additional
cost.
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.
How much does Section 125 and HRA Claims Processing cost?
Unlike many administrators of Section 125 or HRA
plans, CoreAdmin does not have a high 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 $50.00 per
month for 1-5 Participants.
HRA Minimum Set Up Fee = $150 (includes set-up for up to
15 Participants)
FSA Minimum Set Up Fee = $100 (includes set-up for up to
10 Participants)
Section 125 FSA and HRA Claims Processing Fees are per Participating Employee, per month (PPEPM).
HRA Claims Processing:
| Group Size | FICA Tax Savings New Participants after Set Up* |
Monthly Fee |
|---|---|---|
| 1-5 Participants | $20.00 | $50.00 Minimum |
| 6 -20 Participants | $10.00 | $10.00 PPEPM |
| 21 -49 Participants | $9.00 | $9.00 PPEPM |
| Minimum $150 Initial Set Up Fee | PPEPM – Per Participating Employee Per Month | |
FSA Claims Processing:
| Group Size | FICA Tax Savings New Participants after Set Up* |
Monthly Fee |
|---|---|---|
| 1-5 Participants | $20.00 | $50.00 Minimum |
| 6 -20 Participants | $10.00 | $10.00 PPEPM |
| 21 -49 Participants | $9.00 | $9.00 PPEPM |
| Minimum $100 Initial Set Up Fee | PPEPM – Per Participating Employee Per Month | |
* The Set-Up Fee for New Participants will be charged for New Participants added more than 30 days after the initial Set-Up.
Primary Section 125 & HRA Administrative Services include the following
- Section 125 and/or HRA Online Account Management
- Section 125 and/or HRA Online Enrollment and Fulfillment
- Section 125 and/or HRA Communication materials
- Section 125 and/or HRA Customer Service
- Section 125 FSA and/or HRA Claim Adjudication and reimbursement
- Section 125 FSA and/or HRA Benefit Card
- Section 125 and/or HRA Compliance Assistance
Set up is quick and easy!
Order your Plan Document and tell us that you would like Claims Processing with (or without) a Benefit Card.
Call with any questions: 877-236-9186
After you receive your BennyCard, register at https://mybenny.com (click on “Please Register”).You will need:
Your “Member ID” (which is your Social Security Number),
The account number on your new BennyCard, and
Your zip code.
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).
