FIS provides a ‘best in class’ platform and we are excited to bring these countless, practical enhancements to both the participant and employer.
West Chester, PA (PRWEB) July 25, 2012
PrimePay Inc., a leading nationwide provider of payroll, tax, HR and benefit services, has launched a new services portal called PrimeFlex Online for their pre-tax health account and flexible benefit plan clients. Employers that offer flexible spending accounts (FSA), health reimbursement arrangements (HRA) and health savings accounts (HSA) as part of their benefits package can improve HR efficiencies and provide employees with online resources to make smarter economic decisions when it comes to health care choices.
Selected as one of eight FIS third party administrators (TPAs) to be given this portal capability, PrimePay’s PrimeFlex division is proud to provide their clients with easy-to-use online solutions for managing participant flex plan records as well as HSA, FSA and HRA resources and tools for employees to make educated decisions on their benefit plan options. This development project was a joint initiative between PrimeFlex and FIS, the world’s largest provider of technology to the financial services and payments industries.
“Having been selected as one of the few TPAs in the country to roll this out to clients, it speaks volumes to our solid relationship with FIS,” says Steve Jackson, Vice President, HR & Benefit Services at PrimePay. “They have been a strong partner during our growth over these past many years. FIS provides a ‘best in class’ platform and we are excited to bring these countless, practical enhancements to both the participant and employer. ”
FSA, HRA and HSA participants will enjoy a more dynamic experience with on-demand videos as well as easier access to information. Employers have been granted greater access and control… giving them additional flexibility to handle their daily benefit plan and participant changes. PrimeFlex continues to focus its efforts on providing more access and transparency to their participants and employers.
Businesses that use PrimeFlex pre-tax flex accounts to enhance their employee benefits package can easily access and maintain participant records via the web using the Employer Login. The login URL for employers has not changed. Improved website resources and features allow employers to:
- Promote and explain their benefit plan options to employees
- Initiate online enrollment for flexible benefit programs
- Immediately process employee terminations
- Add new employees or new hires
- Record lost or stolen flex debit cards
- Issue new flex debit cards to employees
- Update employee addresses & direct deposit information
- Submit claims for reimbursement via the web
Employees with FSA, HRA or HSA plans now have a host of self-service capabilities and educational resources through the PrimeFlex portal to help them make better informed decisions regarding health care coverage. These include:
- Calculators to help accurately determine their annual plan election amounts
- Educational tools, resources and videos explaining “What is an FSA?", “How does an HSA work?” and more
- Access to detailed FSA, HSA and HRA frequently asked questions
- Enhanced status tracking for claim reimbursement
- Notifications and “in the news” updates regarding their benefit plans
- Reminders for important plan dates using visual graphs and timelines
- Year-to-date plan activity details
A smart phone mobile app will be available for the PrimeFlex services online portal this fall giving participants anywhere access to their accounts. Employees will be able to view account balances for all their flexible benefit plans, access details on recent transactions and submit claim reimbursements using an integrated photo capture feature for their receipts.
PrimePay, Inc. specializes in providing payroll, tax, HR and benefit services for small and medium sized businesses. Recognized nationally, PrimePay offers full service payroll as well as options for web payroll entry and paperless payroll for an eco-friendly solution. From flexible spending accounts and retirement plans to workers’ comp insurance and time and attendance solutions, PrimePay strives to help clients increase profitability and improve efficiencies. PrimePay’s area of expertise with franchise payroll services has resulted in a number of national franchise accounts and affinity marketing programs for well known organizations. PrimePay was founded in 1986 and has more than 35 offices nationwide. Find them at http://www.primepay.com.
PrimeFlex Administrative Services, LLC is a division of PrimePay which provides employers and their employees with pre-tax flexible benefit accounts for medical, dependent care and transit expenses. As a third party administrator, PrimeFlex oversees the management of flex spending plans including Premium Only Plans (POP), Flexible Spending Accounts (FSA), Health Reimbursement Arrangements (HRA) and Health Savings Accounts (HSA). In today’s economy, businesses of all sizes struggle with the rising cost of providing health care coverage to their employees. Companies can realize substantial tax savings while at the same time increasing their employees’ spending power when they allow workers to pay for certain insurance premiums and health care expenses with pre-tax dollars.