Benefits Made to Order-Anytime, anywhere
Tired of answering unending questions about balances and policies across multiple benefits providers? The ease of a unified employee experience is a game-changer. Account activity and deductions are all managed from the same system, connecting seamlessly to Payroll, which means convenience, time-savings and, ultimately, cost savings. With Paylocity Flexible Benefits, maximizing third-party administrative (TPA) benefit offerings has never been easier – for you or your employees!
Simplify Access
Health Savings Accounts let employees with high-deductible health plans to set aside funds (pre-tax) for qualifying medical, dental, and vision expenses.
Flexible Spending Accounts lets employees contribute a portion of each paycheck (pre-tax)
to pay for qualifying expenses, such as out-of-pocket costs.
Health Reimbursement Arrangements are tax-advantaged, employer-funded health benefit
plans that reimburse out-of-pocket medical expenses.
Premium Only Plans allow employees to pay most insurance premiums on a pre-tax basis.
COBRA coverage offers temporary continuation of health benefits
under certain circumstances, like job loss.
Transportation Management Accounts are a pre-tax benefit for
work-related transportation and parking.
Benefits
Access Flexible Benefits Anywhere
Employees can review account balances and file claims any time, on mobile or desktop, with real-time event notifications.
Give Employees Smart Tools
Automatically separate qualified account expenditures at checkout with smart debit card technology for a timesaving, paperless user experience.
Know You're in Compliance
Simplify your compliance requirements-from federal and state regulations to COBRA, ACA and HIPAA.
One-and-Done Data Entry
Reduce errors and duplicate data entry by managing TPA in the same place as Benefits Administration.
Get It Right (the First Time)
Self-service, non-discrimination testing experience helps administrators mitigate risk and improve the employee experience.
Educate Employees
Help employees make informed decisions on the flexible benefits available to them with pre-made video guidance in open enrollment.
Results
Cost Effectiveness
The Contribution Dashboard helps administrators keep employees on track to meet their yearly goals–which can save money for the employee (and the company)-and is proven to dramatically reduce discrepancies.
Attract and Retain Talent
More than 55% of Americans cite health coverage as the greatest driver of job satisfaction. Providing a modern employee experience to choose and manage benefits can make your company stand out from the rest.