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COBRA Administration
BRMS provides a seamless program that helps qualified beneficiaries understand their COBRA rights and alternatives to COBRA coverage, requiring minimum administrative support from your staff. From initial notices to termination, we ensure the entire process and all information is traceable utilizing our online COBRA software and proprietary technology.
Features:
- All required COBRA notices and processes
- 24/7 online access for employers and participants
- Web-based system to manage severance, subsidies, and special requirements
Employer Advantage:
BRMS reduces administrative burden through our integrated technology - MyHealthBenefits feeds directly into the COBRA system and all COBRA eligible carriers to ensure seamless and accurate reporting. This allows our specialized team to provide timely notices and administration to COBRA eligible participants.
Flexible Spending Account (FSA) Administration
BRMS offers comprehensive and affordable FSA administration for health plans that allows participants to save for any ongoing or expected medical needs.
Features:
- Healthcare and Dependent Care FSAs
- Dedicated in-house support team
- FSA debit cards for quick use of funds
- MyHealthBenefits portal to manage claims, deposits, and access to the FSA store
Employer Advantage:
Offer your employees tax-saving benefits through transparent and efficient integration within MyHealthBenefits. With our dedicated in-house support team, BRMS ensures a seamless experience for both members and administrators.
Health Reimbursement Account (HRA) Administration
BRMS HRA solutions help employers control healthcare costs while providing employees with tax-free reimbursements for eligible expenses. Employers set the rules-covered expenses, contributions, and plan design.
Features:
- 100% employer-funded accounts
- Flexible plan options and coverage
- Tax-deductible reimbursements for employers
- Can be paired with high-deductible health plans for added savings
Employer Advantage:
Improve employee benefit utilization while adding a valuable form of compensation for employees to attract and retain talent. With BRMS's in-house customer service team, automated reporting and a debit card for immediate use, we ensure benefits are both seamless and effective.
Health Savings Account (HSA) Administration
In partnership with Optum Financial, BRMS offers full-service HSA administration to simplify account management for employers and employees. Our HSA solutions combine convenience, flexibility, and valuable long-term savings opportunities.
Features:
- HSA payment card for easy access to funds
- Online portal and mobile app for account management
- Interest earnings and investment options
- Real-time reporting and auto-reconciliation
- In-house customer service
Employer Advantage:
Equip your employees with a tax-advantaged savings solution from a trusted partner, designed to prepare for unexpected medical expenses. With BRMS HSA administration, funds transfer seamlessly, and data feeds integrate reducing complexity for everyone.
Commuter Solutions
BRMS offers commuter and parking benefit programs that allow employees to use pre-tax funds for eligible work-related transportation expenses, as outlined under Section 132 of the tax code.
Features:
- Transit passes for train, bus, subway, ferry, and vanpools
- Contributions available immediately and roll over month to month
- Adjust contributions anytime, no qualifying event required
Employer Advantage:
Offer cost-saving commuting options to your employees while reducing payroll taxes. Through BRMS Commuter Solutions contributions are streamlined, funds are flexible, and your organization demonstrates a commitment to sustainability and employee well-being.