Cafeteria Plan Administration Outsourcing (FSA/HRA/HSA)

We have been handling FSA, HRA & HSA claims for large number of clients. The processing includes reimbursing out of pocket claims and adjudicating Debit Card claims .We also generates participant’s check as well as denial letters. We process healthcare, dependent care , tuition care and transport claims with minimal turnaround time.

We perform reconciliation and accounting services for participants on daily basis. We are also managing the COBRA premium payments including billings for collection of participant premiums. We enter PQB for terminated employees and prepare DOL notices in the COBRA software.

We maintain the Corporate Accounts for the plans like FSA, COBRA and PBA. This includes making deposit and withdrawal entries on daily basis besides verifying that a minimum account balance is maintained in these accounts. We also handle the monthly reconciliation of the accounts.

Plan over funding or under funding is determined and balance is returned or funded to/ from the client.

We complete the non-discrimination testing for the cafeteria plans on the basis of the census sent by the client to ensure their IRS compliance.