Financial Services

Integrated with the EbixBenergy platform, our Financial Services include flexible spending account (FSA), COBRA and Consolidated Billing, offered through our partnership with OptumHealth^SM Financial Services.

FSA Administration

Our FSA administration delivers the expertise, systems, and protections so you can redeploy your team to focus on your business. Combined with the EbixBenergy platform and you gain a powerful tool to provide and communicate important benefits — while cutting down the administrative tasks of HR personnel.

Benefits

• Provides direct deposit of reimbursements
• Process point-of-service payments through a debit card
• View an account summary with each reimbursement
• Access claims, balances and payments online

COBRA Administration

With our COBRA administration product we can help you ensure that the administration of the program satisfies the stringent requirements that apply to the COBRA, HIPAA, and the state continuation benefits you provide.

Benefits

• Communicate all COBRA elections and changes to carriers
• Collect and track premium payments and receive detailed monthly reporting
• Automate qualifying event services through mailing of election packages, enrollment forms and premium payment coupons
• Reduce risk and comply with COBRA and HIPAA regulations
• Save on claims costs when you consider the significantly higher loss ratios for COBRA-covered individuals

Consolidated Billing

With Consolidated Billing, you can reduce time spent on the complicated tasks of maintaining group health and welfare eligibility databases, disbursing payments to carriers, and reconciling monthly bills to make sure adjustments are properly made.

Benefits

• Receive a single draft of all carrier invoices
• Receive reconciled monthly bills to ensure that invoices match enrolled participants
• Experience automated disbursement of premium payments to carriers