Benefits Outsource, Inc.

Benefits Outsource, Inc. (BOI) serves as a trusted Third-Party Administrator (TPA), offering reliable and cost-effective solutions to manage the escalating complexities of benefit administration for businesses of all sizes.

OUR SERVICES

401(K) Plan

Our comprehensive 401(k) outsourcing program offers a full range of services that allow you full discretion to outsource tasks that you no longer wish to handle in-house. companies.

COBRA

We provide a comprehensive COBRA and HIPAA outsourcing alternative to companies of all sizes. Our outsourcing solutions offer a safe and effective way

Section 125 Admin

FSA/HAS/HRA/LSA

As a national powerhouse in electronic hardware sophistication and expertise, you get the most complete Section 125 outsourcing alternative. You be able to devote more time

Our Expertise

Benefits Outsource, Inc. (“BOI”) is a Third-Party Administrator, certified by the State of Florida since 1999. BOI delivers exceptional service while providing the best COBRA and CDH products that increase efficiency, reduce costs, and improve the employee’s experience. We focus on building a solid foundation with our partners, with the focus on creating and maintaining a true partnership that sustains cohesiveness relating to the overall function of your company benefits program.

BOI is the provider of choice for those clients that need: A simplified approach to administration and an easy-to-navigate experience. An innovative platform across all books of business.

BOI’s Services:

BOI provides a scalable and customizable platform tailored to our partners’ offerings, creating a path that eliminates the maze of complex administrative services. With our unified COBRA and CDH platform and card processing engine, BOI allows employers to offer their employees a modern and real-time single experience. The participant/member experience provides a seamless guide to active employees, while essential, post-employment health benefits are processed. BOI delivers an intuitive experience, personalized guidance, and market-leading features. We make it easy!

Also, BOI is SOC 2, Type 2 certified/compliant. The review entails an independent examination of the firm’s systems and certifies the suitability of designed controls relevant to security, availability, processing integrity and confidentiality.

During our twenty-eight (28) years in business, BOI’s value proposition centers on service delivery, in which we tailor our programs to fit the needs and objectives of the client. By coupling this with our work ethic, we have been able to create a brand that prides itself on professionalism and innovation. Our administrative services include:

Our administrative services include:

Executive Support
Dedicated Account Managers
Fully trained customer and claim representatives that provide premium customer service via the phone, dedicated email, or face-to-face meetings in our Davie office.
Creation of an atmosphere for learning through customized open enrollment, periodic educational programs, and virtual or onsite training sessions.
Fully integrated real-time online access for HSA, FSA, HRA, and LSA participants, COBRA continuants, and Retiree or Domestic Partner assistance to file claims, make payments, and view account activity.

Additionally,

BOI acts as the client’s surrogate; we take over the administrative responsibilities/needs and provide participant, members/continuants the service required to maintain a quality customer experience.
BOI’s climate demands the highest level of ethical values, critical to the establishment and maintenance of an effectively controlled organization.
BOI’s customer service is above reproach, including the availability of a BOI employee to answer every incoming call.

What We Do for Employers

Benefits Outsource, Inc. is a Third Party Administrator, that provides a reliable, and cost effective solution to the increasing cost of benefit administration for companies of all sizes. When you contract with us, you transfer all of your day-to-day administration responsibilities to the seasoned professionals at BENEFITS OUTSOURCE, INC., and you no longer have to worry about violating the maze of statutory compliance laws that govern benefit plans. Our cost effective and comprehensive services include:

Initial Plan Design and Setup

Day-to-Day Administration of your:

Faqs

Frequently Asked Questions

https://boibenefits.com/case-study-on-library-management/

We offer comprehensive services for 401(k) plan management. We assist in plan design, enrollment, investment selection, compliance, and ongoing administration. Our team will work closely with you to ensure your plan aligns with your company's goals and remains compliant with regulations.

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COBRA (Consolidated Omnibus Budget Reconciliation Act) allows employees to continue their health insurance coverage after certain qualifying events. HIPAA (Health Insurance Portability and Accountability Act) protects individuals' health information privacy. Compliance with these laws is crucial to avoid legal issues and ensure the security of sensitive health data.

How do your COBRA and HIPAA programs help us stay compliant?

We provide expert guidance on COBRA and HIPAA compliance, including notifying eligible individuals, maintaining proper records, and safeguarding health data. Our services ensure your company adheres to legal requirements while protecting your employees' rights.We provide expert guidance on COBRA and HIPAA compliance, including notifying eligible individuals, maintaining proper records, and safeguarding health data. Our services ensure your company adheres to legal requirements while protecting your employees' rights.

What is a Flexible Spending Account (FSA), and how can it benefit our employees?

An FSA allows employees to set aside pre-tax dollars to cover eligible medical expenses and dependent care costs. This reduces employees' taxable income and helps them save money on qualifying expenses.

What government regulations should my company be aware of regarding employee benefit plans?

Employee benefit plans are subject to various regulations, including ERISA, IRS rules, and ACA. These regulations govern plan design, reporting, and fiduciary responsibilities. Non-compliance can result in penalties and legal issues.

How can your services help ensure our plans comply with government regulations?

We have a team of experts well-versed in regulatory requirements. We provide guidance on plan design, annual reporting (such as Form 5500), and ensure your plans adhere to all applicable laws, minimizing compliance risks.