Jacksonville, FL (PRWEB) August 26, 2014
Medcom, a leading provider of fringe benefit administrative services for Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs), COBRA and Retiree Billing, and Health and Welfare Compliance Services, announced today a joint marketing agreement with Web Benefits Design Corporation (WBD), the premier national provider for employee benefit technology communications and administration solutions.
“With a singular focus on making customers successful, Web Benefits Design Corporation (WBD) has developed industry leading customized benefits websites, online enrollment platforms, private benefit exchanges and a full complement of support services for busy Human Resource departments to enable them to focus on more critical strategic company initiatives,” stated Michael J. Bracken, President of Medcom. “WBD becomes an extension of the Human Resource department with professional call center services, employee survey tools, new hire and qualifying event management as well as benefit confirmation statements.”
Medcom and Web Benefits Design Corporation are excited about combining their respective services in offering best in class compliance and technology solutions for employers. A customized benefits website and online enrollment platform may now fully integrate compliance information, documents, forms, and communications. These highly customizable technology solutions may incorporate ACA mandates, special reports and employee communication. Through a Single-Sign-On (SSO) feature, mutual clients may access Medcom’s fringe benefit administration website seamlessly through the WBD site for accessing Flexible Spending Account (FSA), Health Reimbursement Arrangement (HRA) and Health Savings Account (HSA) information.
“During this time of increased administrative complexity for employers in dealing with the Affordable Care Act (ACA), bringing together two industry leaders with expertise in benefits technology, fringe benefit administration, and health and welfare compliance creates a natural level of synergy for employers,” mentioned Kelley J. Clausen, a leading employee benefit consultant located in the Atlanta, Georgia area. “Employers are looking for the time to finalize their strategic direction as they meet the demands of the ACA. Having access to this combined technology and compliance platform will assist them in finding this valuable time.”
“Both Medcom and WBD have built industry-leading platforms, boast an impressive roster of clients, and have strong management teams in place to meet the growing needs of employers in a changing and more complex employee benefit environment,” stated Derek Ashton, Director of Health and Welfare Compliance at Medcom. “The combination of our respective technology tools, compliance expertise, resources and client centered approach to business lends itself to a better solution for many employers.”
About Medcom
Medcom is a leading employee benefits administrator and Health & Welfare compliance consultant, well-known for specializing in exceptional service and offering a variety of products that are designed to help employers meet the challenges of a rapidly changing workforce. With a professional staff of specialists, Medcom offers consulting services relating to ERISA compliance, COBRA administration, Flexible Spending Account administration, Health Reimbursement Arrangement administration, Health Savings Account administration and Retiree Billing services.
Founded in 1983, Medcom has grown and changed with the economy and the workforce. Medcom administers a variety of tax advantaged benefit plans using sophisticated debit card technology to meet the convenience needs of plan participants and the administrative goals of the employer.
Medcom is a leader and innovator among Third Party Administrators. Our business continues to grow, resulting from superior personal service from our customer service staff and other benefits professionals.
As regulatory compliance continues to increase in complexity, Medcom has expanded our scope of regulatory compliance services to include educational seminars, technical writing, Form 5500 Reporting, Nondiscrimination Testing, Wrap Plan and Section 125 Cafeteria Plan Document preparation, Wellness Program Audits, HIPAA Privacy Policy preparation, Comprehensive ERISA Plan Reviews, and employee communications.
Medcom provides a full "turnkey solution" for employers electing to partner with us for their tax advantaged benefit plans, COBRA administration and Health and Welfare Compliance needs.