Blog Articles
Expert insights, our take on technology, and industry news.
Feeling the Burn? Dependent Care FSAs are Failing Everyone. Here’s How to Fix Them.
Dependent care flexible spending accounts (DCFSAs) are designed to help workers save on childcare costs (including summer camps!), but outdated systems and user frustration mean many are leaving valuable tax savings unused. Elevate makes the entire FSA experience—both dependent care and health care FSAs—intuitive and user-friendly for participants.
Automation In Action: Eliminating the “Manual” Every Step of the Way
There's a dirty little secret about consumer directed benefits administration—there's a LOT of manual work. At Elevate, we have built automation into all aspects of benefits administration. In this blog, we explore how automation impacts claims processing, participant coaching, account funding, and more.
The FSA Death Spiral: Complexities Erode Account Usage
For millions of Americans, flexible spending accounts (FSAs) are a lifeline to accessing affordable healthcare. However, FSAs have been plagued by complexities and administrative burdens, which can cause eligible employees to decline the benefit.
Why You Need a Partner with Workflow: How Modern Tech Solutions Erase Administration Pain Points
HSA, FSA, and HRA administrators frequently hear a few painful words from their technology platform partners: “days” “cutoff” “later” “stuck” and “years.” With Elevate's workflow-based platform, we use words like: “now” “already” “seconds” “real-time” and “next”. See the difference.
CIP Headaches Begone!
Elevate’s modern system eliminates the antiquated timelines of the past by immediately processing enrollment and enabling applicants to clear regulatory hurdles right away. Employees who don’t pass the CIP review receive immediate notification and simplified instructions to quickly resolve their situation.
Fraud and Consumer Benefit Accounts: Expert Tips, Trends, and Tech Advancements
Consumer benefit accounts have gained widespread popularity, giving employees greater control over their healthcare expenses and employers a tax-advantaged way to expand benefits. However, the rise of these accounts also attracted the attention of people looking to exploit these financial resources.Â
Psst TPAs! Your HSA Tech Partner May Be Taking Your Revenue
Health savings accounts (HSAs) have gained popularity across workers and benefits teams alike. However, there is a not-so-secret industry secret: hidden costs associated with many HSA programs can significantly impact not only account holders' balances —but if you are a TPA offering HSAs as part of your solution suite— your business long term.
Say Goodbye to Plan Design Hassles: Elevate's Smart Tech Slashes Time, Costs, and Errors
Access to powerful plan design tools can mean the difference between a streamlined process and a logistical nightmare. In this blog, we explore the benefits of efficient plan designs and how they can make your job easier.
The Top Three Ways APIs are Radically Changing the Consumer Account Industry
Today’s consumer account administrators—health plans, financial institutions, TPAs, and benefit admins—are struggling to differentiate their HSA, FSA, and HRA solutions in a crowded market. The ones most likely to win industry share are those embracing tech innovations that remove friction for employer clients and their plan participants.
Still Driving in the Slow Lane? Elevate Cuts Your Client Setup Time by 17 Weeks
When competing for employer HSA, FSA, and HRA business in the crowded consumer benefits space, the ability for administrators to differentiate their solutions becomes paramount. Equally critical is the internal pressure to scale quickly and efficiently.
AI or Die: The Crucial Choice That Will Define the Future of Companies
In today's dynamic business landscape, the advent of artificial intelligence (AI) has sparked a seismic shift in the fortunes of companies across various industries. The choice to either embrace or disregard AI technology is becoming a critical factor that determines the destiny of organizations.