NU Online News Service, July 17, 10:58 a.m. – Benefitfocus.com Inc., Mount Pleasant, S.C., is now selling software that health plans can use to run defined-contribution health plans.
Defined-contribution health plans usually combine high-deductible, catastrophic health insurance with personal health care accounts that participants can use to pay for routine health care expenses.
The Benefitfocus software can give employees detailed access to plan and account information through the Web or through touch-screen kiosks installed at the worksite, the company says.
Purchasers can use the software to run plans based on employer-funded Section 105 cash accounts as well as employee-funded Section 125 accounts.
Benefitfocus says the system can transmit information about employee choices that affect payroll directly to corporate payroll systems.