SELECTED

Medical: Covers your doctor and hospital bills usually with an out of pocket co-pay

HRA (Health Reimbursement Account): IRS-sanction and employee-funded benefit plans that reimburse employees for out-of-pocket expenses.

Actuarial: Provides life, health and non-life assurance to insurance companies.

HSA (Health Savings Account): A tax-advantaged medical account that is available to taxpayers in the US are enrolled in a high-deductible health plan.

Medical (Retiree): After a person retires, medical insurance that is paid by Social Security for retired people over 62.

Premium Only Plan: Part of an IRS plan that allows employees to convert a taxable salary into non-taxable benefits.

FSA (Flexible Spending Account): Allows an employee to set aside earnings to pay for qualified expenses.

PReACTIVE INSIGHT: BenefEx’s approach to keep employees and employers happy by offering the best benefits for the best prices.

Compliance Dashboard: A web based tool that helps employers understand what their compliance obligations are and what information is needed from them.

PICS: Creates a safe and sustainable supply chain which helps improve contractor management.

LTD (Long-term Disability): Protects employee from loss of income in case they are unable to work due to an illness, injury or accident over a long duration of time.

STD (Short-term Disability): Pays disability insurance benefits for a period of time while you are disabled and unable to work.

Life AD&D (accidental death & dismemberment): Couple with life insurance policy, this is for an employee’s accidental death. An amount equal to their life insurance policy is also paid.

Dental: Insurance to pay for all of your dental needs.

Vision: To pay for your trips to the optometrist for your eye-care needs.

Retirement: Social insurance payments that are made by Social Security at the age of 62 or older.

Employee Portal: An online login system to check the benefits for yourself and company.

Property & Casualty: Insurance to help protect against financial losses that come as a result of being legally liable for accidents that harm another person or their belongings.

Long Term Care: A range of services that help you to meet your personal care needs.