At Franchise Benefit Solutions, we offer an extremely wide array of innovative benefit services and consulting expertise to assist employers with the purchase and management of employee benefit programs. These services greatly impact the fiscal strength and quality of benefit plan offerings employers can provide to their employees.
Franchise Benefit Solutions Administrative Services offers a monthly-consolidated billing services. This customized service provides a single invoice for all carriers and services provided. Along with the consolidated carrier invoice, employer receives monthly contribution reports, premium processing distribution, new hire and any needed documentation processing, status notification updates, and, COBRA notification and update processing.
As an added value service to our clients, Franchise Benefit Solutions offers an internet based private employee benefits internet solution employers and employees get around-the-clock access to their own customized intranet site for benefits and human resource tasks. The secured portal allows employees to view introductory plan information, benefit plan highlights, frequently asked questions, and links to carriers’ websites. Employees can also search for a local provider, view eligibility and employee handbooks, and download forms. Contact a representative for more information on your customized site.
Allows employee contributions to employer-sponsored benefit plan to be made with pre-tax dollars, which automatically increase spendable income and reduces the employer’s gross payroll.
The Flexible Spending Account (FSA) lets employees’ set-aside dollars that can be used throughout the year to reimburse for healthcare and dependent care expenses. The money is placed in a flexible spending account (FSA) available through Franchise Benefit Solutions.
Responsibility for compliance with COBRA (Consolidated Omnibus Budget Reconciliation Act of 1985) falls on the employer, but Franchise Benefit Solutions Administrative Services can help. For a nominal fee, Franchise Benefit Solutions Administrative Services will help administrate your COBRA functions, such as providing notices and billing and collecting premium. This may save you from some time-consuming paperwork.