Home / Claim Processing Solutions for Section 125 FSA and HRA Plans
Claim Processing Solutions for Section 125 FSA and HRA Plans
All employers want to take advantage of Section 125 and HRA tax-advantaged healthcare solutions offered by Core Documents; however, some may not want to deal with the day to day issues of Claim Processing or the HIPAA liability that comes from handling employees’ protected health information.
For these clients, CoreAdmin offers a state-of-the-art online portal for Section 125, FSA, DCAP, and HRA Claims Processing, plus the added convenience of a debit card for every employee.
CoreAdmin services for HRA and FSA.
Debit cards allow your employees to instantly access their account balance. Employees will no longer have to wait for reimbursement. CoreAdmin provides two Benefit Cards to each Participant at
no additional cost.
Employees can also: enroll online, make instant changes to their information, and access their account balances and information via any Internet connection, any time of the day, seven days a week. This virtually eliminates internal inquiries by employees about their plan.
How much does Section 125 and HRA Claims Processing cost?
Unlike many administrators of Section 125 or HRA plans, CoreAdmin does not have a high minimum Participant monthly charge for small employers, but, the Administrative Service is provided for our Plan Document clients only. The Plan Document must be current and comply with the latest IRS and DOL guidelines. A minimum Set-Up Fee* will apply, but the Monthly Fee is just $50.00 per month for 1-5
Participants.
HRA Minimum Set Up Fee = $150 (includes set-up for up to 15 Participants)
FSA Minimum Set Up Fee = $100 (includes set-up for up to 10 Participants)
Section 125 FSA and HRA Claims Processing Fees are per Participating Employee, per month (PPEPM).
HRA Claims Processing:
|
Group Size
|
Set Up Fee
New Participants after Set Up*
|
Monthly Fee
|
| 1-5 Participants |
$20.00
|
$50.00 Minimum
|
| 6 -20 Participants |
$10.00
|
$10.00 PPEPM
|
| 21 -49 Participants |
$9.00
|
$9.00 PPEPM
|
| Minimum $150 Initial Set Up Fee |
PPEPM – Per Participating Employee Per Month
|
FSA Claims Processing:
|
Group Size
|
Set Up Fee
New Participants after Set Up*
|
Monthly Fee
|
| 1-5 Participants |
$10.00
|
$50.00 Minimum
|
| 6 -10 Participants |
$10.00
|
$10.00 PPEPM
|
| 11-19 Participants |
$9.00
|
$9.00 PPEPM
|
| 20 -49 Participants |
$8.00
|
$8.00 PPEPM
|
| Minimum $100 Initial Set Up Fee |
PPEPM – Per Participating Employee Per Month
|
* The Set-Up Fee for New Participants will be charged for New Participants added more than 30 days after the initial Set-Up.
Primary Section 125 & HRA Administrative Services include the following:
- Section 125 and/or HRA Online Account Management
- Section 125 and/or HRA Online Enrollment and Fulfillment
- Section 125 and/or HRA Communication materials
- Section 125 and/or HRA Customer Service
- Section 125 FSA and/or HRA Claim Adjudication and reimbursement
- Section 125 FSA and/or HRA Benefit Card
- Section 125 and/or HRA Compliance Assistance
Set up is quick and easy!
Order your Plan Document and tell us that you would like Claims Processing with (or without) a Benefit Card.
Call with any questions: 877-236-9186
After you receive your BennyCard, register at https://mybenny.com (click on “Please Register”).You will need:
- Your “Member ID” (which is your Social Security Number),
- The account number on your new BennyCard, and
- Your zip code.
If your would like to select a PIN to be used with your BennyCard, call 1-866-898-9795 (the Durbin Amendment PIN FAQ can be viewed at “Forms & Letters” under the “Resources” tab at the Benefits Portal).