Flex Plan Administration – Flexible spending accounts enable Employers and Employees to pay for certain benefit items, such as deductibles, un-reimbursed medical expenses and dependent care expenses on a pretax basis. The proper Section 125 Flex Plan begins with the full understanding of a company’s objectives. CGI will work individually with each client to ensure that their flex plan is tailored to meet their needs.
COBRA Administration – The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) mandates that any organization with 20 or more full or part-time employees offer a temporary continuation of group health and Section 125 benefits to employees (and covered dependents) upon experiencing a qualifying event. CGI will assist you in administering this benefit.
Summary Plan Description (SPD) Development – SPDs are employee benefit descriptions required by ERISA and are one of the most important benefit plans employees receive from their employer. Our experts will ensure that your SPD is accurate, up to date and fully compliant with government regulations
5500 Forms – Groups of certain sizes or with particular benefits may be required to complete 5500 forms. CGI will assist in the completion of signature ready forms when needed.
HRA & HSA Administration – To help our clients who are introducing an HRA program, we have established a local private label administrative service to provide the claim reimbursement services at a discounted rate. By using local service we provide prompt turnaround service by people who actually know how our local plans work. This also allows us to use local banking services for easy account funding.
For clients introducing an HSA program, we provide a full menu of trustee banks and financial institutions along with their fees and services to help assure the best services is provided for the most competitive cost.