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The Alegeus Technologies Benefit Debit Card
Alegeus Technologies partners: The Bancorp, MasterCard, Visa
volume 8 • spring 2015
Best heAlth BenefIts delIvery progrAm
Best use of a corporate-funded prepaid card to deliver health care benefits, including wellness programs and FSA, HSA and HRA programs.
what it is: A debit card platform deliver- ing employer-sponsored tax-advantaged benefit account dollars for health care, dependent care, commuting or wellness incentives to employees.
where you get it: Employers offer the cards as part of benefit package.
why it works: Alegeus’ wholly owned platform takes benefit card management to another level by marrying account administration with in-house transaction processing in real time, rather than in batches. The single account view encourages quick resolution of transaction and balance questions, provides an easy path to creating custom features for clients and enhances customer satisfaction with immediate access to up-to-date account information.
why it matters: Ensures speed, accuracy, efficiency and flexibility in the way benefits are delivered to employees for clients seeking an edge in this highly competitive industry.
differentiators: Alegeus’ platform supports customization of complex authorization rules tied to plan designs, including employer- employee cost-sharing and fixed-dollar authorizations on specific purchases. Alegeus also supports an unrestricted
cash purse tied to the card for claims previously settled via checks and ACH, creating a new interchange revenue stream for account administrators.
what the judges said: With an in-house platform capable of supporting cardholders with multiple benefit accounts, Alegeus is able to provide a cardholder experience that drives further benefit adoption for its clients.
HealthEquity Visa Health Account Card
HealthEquity
PayFlex Card
wInners
PayFlex Systems USA Inc., Aetna Life Insurance Company, MasterCard
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