Employers of all sizes can attract and retain key employees by providing subsidy assistance for adoption, home buying and even commuting. Subsidy programs are also used to promote lower turnover, reduced absenteeism, and increase company loyalty.
No matter which life events your company chooses to subsidize, we can provide professional account management, enrollment, claims adjudication and reimbursement teams to assist with the following:
- Program design assistance
- Program promotion
- Implementation
- Third-party administration
Frequently Asked Questions
Why should we consider a subsidy program?
Expenses related to child care can range from 20% to 40% of an employee's paycheck. This high cost may result in parents choosing unreliable child care or cause them to stay at home when their regular care arrangements break down. Assisting with these and other life event experiences can help eliminate absenteeism and turnover and promote increased employee loyalty.
How do I get started?
When you chose to include a subsidy reimbursement to your benefits offering, we can help you design one for your staff to administer in-house. Or we can do the paperwork and verification for you.
How quickly can it happen?
Within 30 to 60 days depending on your initial readiness.
Do I need to give you access to our organization’s financial accounts?
No. We administer and validate the subsidy requests and recommend action appropriate to your guidelines. You retain control over actual reimbursement by making subsidy reimbursements through your payroll or some other method.
This product overview is intended for descriptive purposes only.
Please speak with your account manager or sales person for details.
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