Paylocity is revolutionizing the TPA industry with technology that has simply never existed before—creating a truly convenient and unified employee experience. Navigating the complex world of third-party administrative (TPA) benefit services, such as FSAs, HSAs, TMAs, POPs, HRAs, and COBRA have never been easier.
Enhance your standard benefit offerings with
flexible benefit programs!
We provide a unique combination of innovation and
support dedicated to simplifying the world of:
Health Reimbursement Arrangement (HRA)
An HRA is a tax-advantaged, employer-funded health benefit plan that reimburses employees for out-of-pocket medical expenses that can be customized to strategically address rising healthcare premiums. Unlike other accounts, an HRA is a “promise to pay” and is not pre-funded.
Limited HRA: An account option for employees enrolled in an HSA that can be used to reduce costs for qualified expenses.
Qualified Small Employer HRA: Allows employers with less than 50 employees, who don’t offer any group health plans, to reimburse employees for qualified health insurance premiums and out-of-pocket medical expenses.
Transportation Management Account (TMA)
A TMA is a pre-tax benefit that allows employees to pay for work-related transportation and parking expenses. This account reimburses employees for expenses such as buses, vanpooling, and subway or commuter-train costs. Not only do TMAs help employees save money on a daily expense, but also promote ‘going green!’
Premium Only Plan (POP)
A POP allows employees to pay most insurance premiums on a pre-tax basis. While employers experience the FICA savings match, employees save federal, state, and FICA taxes, which leads to increased take-home pay.The IRS requires a POP for employers to take benefit premium payments pre-tax.
If you have 20 or more employees and a group health plan, you are required to offer COBRA coverage to qualified employees. In the event of termination, retirement, or other qualifying events, COBRA provides employees and their qualified beneficiaries temporary continuation of group health coverage.
As baby boomers age, the number of retirees each year is on the rise! To best support this influx and deal with the rising costs of healthcare, complement your overall benefits strategy with Retiree Billing. This administration service ensures accuracy and timeliness of collecting and processing payments; plus, reduces the demands on your internal staff.
Convenient, 24/7 access to plans and funds with:
DEBIT BENEFIT CARD
Give employees instant access to their elected funds on a single card. No more paying out-of-pocket. No more hassle!
HIPAA-compliant, intuitive user interface that allows participants to engage with benefit accounts and funds.
HIPAA-compliant, portal empowers administrators to manage account offerings easily and efficiently.
Make it easy for participants to check account balances, submit claims, upload receipts, access eligible expense scanner and more, while on-the-go.
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