Wired Benefits Inc. has launched the Employee Benefit Suite system, a Web-based service that employers can use to fund personal benefit accounts and offer supplemental benefits.
Employers can use the system to connect health reimbursement arrangements, flexible spending accounts, benefit account debit cards, and voluntary benefits such as life insurance policies and access to medical provider discount programs.
The debit card can be used to pay for about 100,000 health-related over-the-counter products, Wired Benefits says.
The system also can be used to deposit wages onto a prepaid payroll debit card.
The system offers a Web-based administration system for employers, and a Web-based account administration system for employees.
In other insurance technology news:
- Evolutions Benefits Inc., Avon, Conn., says it has formed two marketing alliances.
Sanare Technologies L.L.C., Ann Arbor, Mich., has agreed to offer Evolution’s Benny prepaid benefits card to benefit plan administration clients. Sanare runs the Web-based adminFSA plan administration system.
Beacon Technologies Group Inc., Indianapolis, will market the Benny card system to users of the Beacon Spyglass health claims management system.
- The National Insurance Producer Registry, an arm of the National Association of Insurance Commissioners, Kansas City, Mo., and Sircon Corp., Okemos, Mich., a unit of Vertafore Inc., North Bothell, Wash., have announced a long-term extension of an authorized business partner agreement.
Sircon and NIPR work together to provide producer licensing and compliance automation services to state insurance regulators, insurers and producers. The organizations say they will continue together on systems such as the new ProducerEDGE insurance producer compliance portal.
- LIMRA, Windsor, Conn., and SunGard Data Systems Inc., Wayne, Pa., have formed a strategic partnership, and LIMRA has recognized SunGard’s iWorks product family as an industry leader. The iWorks line includes sales and distribution tools, policy administration tools, reinsurance management systems, risk management systems, and financial and investment accounting and reporting systems.