FlexMinder is partnering with Flex-Plan Services, Inc. (FPS) to provide consumers with a service that makes it easy for them to save 25-40% on their “out of pocket” health care expenses.
Seattle, Washington (PRWEB) November 02, 2012
FlexMinder is pleased to announce that it is partnering with Flex-Plan Services, Inc. (FPS) to provide consumers with a service that makes it easy for them to save 25-40% on their “out of pocket” health care expenses. Flex-Plan will brand this new service Flexi-Crawler and roll it out to their 2,000 employers (80,000 employees) in November, 2012.
“We partnered with FlexMinder to offer our participants a simple way to manage their Flexible Spending Accounts. Flexi-Crawler will identify out-of-pocket expenses associated with their insurance (deductible, co-pay or co-insurance) and prepare the claims and required documentation to submit for reimbursement – automatically – eliminating the work related to getting reimbursed,” said Hillarie Aitken, partner of Flex-Plan Services, Inc. “Flexi-Crawler gathers and prepares carrier EOB data directly, making the reimbursement process easier and more efficient for everyone involved.”
FlexMinder is an Enterprise SaaS company that aggregates an individual’s healthcare information from multiple sources and automates the reimbursement process for their FSA healthcare claims. Consumers can view all of their healthcare related claim information through a single portal.
“We are proud of our partnership with Flex-Plan, a company known for innovation in their quest to deliver friendly and efficient customer service. We are excited about the prospect of assisting Flex-Plan to deliver a service, which will save their FSA participants time and money (enough to buy a new iPad every year) by eliminating the manual claim submission process.. This will make life easier for close to 100,000 people.” adds Lowell Ricklefs, CEO of FlexMinder.
FSA’s allow employees to save money by putting pretax dollars (up to $2,500 for healthcare and $5,000 for childcare) aside to be spent on qualified items such as child care, insurance deductibles, co-pays at the doctor, prescription drugs, eyeglasses, orthodontic braces and even Band-Aids and contact lens solutions.
For Third Party Administrators (TPAs) FlexMinder provides many direct benefits:
Reduce claim handling costs by up to 50%
Eliminate submission errors
Increases participation rates
Increase profitability
FlexMinder can reduce transactional costs in a $10B industry by up to 50% for third party administrators by automating the reimbursement process for healthcare flexible spending accounts.
About FlexMinder, Inc.
Seattle based FlexMinder delivers Software as a Service that saves consumers time and money while reducing costs for Third Party Administrators, Private Health Exchanges and Health Carriers. FlexMinder is an Enterprise SaaS company that aggregates an individual’s healthcare information from multiple sources and automates the reimbursement process for their healthcare FSA claims. Consumers can view all of their healthcare related claim information through a single portal. The company is a TechStars 2011 graduate and is growing rapidly through its focus on the B2B market. For more information visit http://www.flexminder.com , join us at http://www.facebook.com/FlexMinder.
About Flex-Plan Services, Inc.
Jim and Stan Aitken started FPS, a third-party administrator of flexible spending accounts (FSAs) in 1989. FPS is currently considered one of the premier administrators on the West Coast with a national reach across all 50 states. Its administration has grown over the years to include the full scope of tax-advantaged plans such as HRAs, Transportation plans and HSAs and it has added employer level services such as consolidated billing, COBRA and nondiscrimination testing for group plans. Flex-Plan achieves this success on the principle of offering the highest level of customer service, administration and expertise possible to each and every business partner and participant. For more information visit http://www.flexplan.com.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/11/prweb10080909.htm
This article (FlexMinder Announces Partnership with Flex-Plan Services to Automate FSA Reimbursement Process for 80,000 Employees) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.