Defined Contribution Plans What’s happening in the insurance market today is incredible. Costs are skyrocketing, coverage is changing, and regulations are taking a toll on businesses. How do you keep up with the changes? How does this affect your business and your employees? Where do you turn for trusted information that applies to your specific situation? Wellspring has your answers. Defined Contribution Health Plans are a viable alternative to employers currently providing expensive group health benefits to employees. Through a specialized Health Reimbursement Arrangement (HRA) that is compliant with ACA, ERISA, HIPAA, IRS, Department of Treasury and Department of Labor laws and regulations, we provide an HR platform that allows employers to reimburse their employees on a tax-free basis for health benefits up to a defined contribution amount as determined by the employer. Employers can essentially name their own price for employee health benefits. Employees purchase their own insurance from individual plans instead of group plans, giving them the flexibility to customize coverage important to them, save money over group pricing, and purchase benefits on a tax-free basis. Wellspring is there every step of the way, providing the benefit administration platform to handle enrollment, eligibility, employee support, payroll reporting and more. Saving employers time and money plus empowering employees creates a WIN-WIN environment for employee recruiting and retention. Let Wellspring show you how it works for your company.
Posted on: Tue, 18 Jun 2013 16:04:34 +0000
Trending Topics
Recently Viewed Topics
© 2015