When you partner with CPI, you get comprehensive solutions that assist
you with managing and maintaining your benefit and payroll administration.
Every service we provide is designed to help you with all of your employer
and employee related services ranging from plan design consulting and
compliance administration to employee education and communication and
service.
We provide a wide variety of administration services that not only help save time, but also help reduce some of the administrative costs associated with benefits and payroll.
Section 125 &
Flex Plans
Section 105 Healthcare Reimbursement Accounts (HRA's)
COBRA
Benefit Administration
Employee Call Center
CPI can design a flexible spending plan to meet the needs of both you and your employees. Depending on your goals, we can create a plan that includes premium conversion, medical and dependent care reimbursement accounts as well as adoption assistance.
Medical and dependent care reimbursement accounts allow your employees to save their pre-tax dollars to pay for anticipated, uninsured medical and dependent care expenses. CPI also offers a full cafeteria plan that allows you to establish a benefit budget for plan participants, enabling them to select their own options offered within the plan.
A few of the plans currently offered include:
- POP Plans
- Premium Only Plans allow employee participants to contribute pre-tax money for medical, dental and vision insurance
- POP Plans + Flexible Spending Accounts
- Premium Only Plans that include employee reimbursement accounts for eligible expenses. Employees can pay for many expenses on a tax favored basis, saving both the employee and employer money on taxes.
- Full Flex Plans
- Allow employers to establish a benefit budget for plan participants. Participants select options offered with the plan, each with its own "price tag". This permits available options to be paid on a pre-tax basis by the employee or with any benefit dollars from the employer. It also allows employers to determine budgets and a structure to offer a complete benefit plan offering. Often because of the flexibility and necessary communication of these plans there is increased employee appreciation of the plan.
Contact
CPI to learn more about available flexible spending accounts.
CPI offers a proprietary and unique employer funded medical reimbursement plans using Section 105 of the IRS code. We are one of the largest administrators of these plans in our service area. These plans have saved many businesses a significant amount of money since being introduced in 2001.
As an employer, you can save a substantial amount of money with these plans because they allow you to take advantage of the lower cost of higher deductible insurance plans. You then reimburse your employees to the benefit level of a traditional plan or a specific design tailored to your needs. These reimbursement plans can be customized to include any qualified medical expenses and you can set the deductible, co-insurance and co-payment levels for your employees. Eligible reimbursed medical expenses are not taxable to you or your employees. Any unused funds in HRA can rollover tax free from year to year if your plan design allows for this.
Contact CPI
to learn more about medical reimbursement plans and how they can work
for your company and employees.
Simply notify CPI and we will work with you to ensure that all required paperwork is sent to all employees eligible for COBRA coverage and that all legal deadlines are met. As part of this, CPI will assume responsibility for collecting premiums and communicating with COBRA continuants as long as they remain on COBRA.
Contact CPI
to learn more about COBRA compliance services.
As an extension of your human resource department, we provide many added services that make us a valuable addition to your organization. Our professionals can handle the more administrative tasks needed to administer your benefit plan. These can include:
- Tracking all new hires and terminated employees - adds and deletes
- Processing all carrier bills
- Confirming proper eligibility
- Coordinating administrative tasks and forms
Contact
CPI to learn more about our wide variety of benefit administration
services.
At CPI, we do more than act as your liaison with the insurance and benefit providers - we help you help your employees. In addition to regular meetings and employee education, we also can provide a 1-800 number for benefit information and employee questions. Our Call Center can assist your employees with many benefit and HR issues. These calls are logged by client in our CPI client database and reports are generated, giving a synopsis of the issues that your employees are facing.
Contact
CPI to learn more about our Call Center service.