|
As a third-party administrator (TPA) for your clients,
you might charge $1.00 per employee per month for
"premium-only" (POP) plan administration. (Premium-only
Plans are an arrangement where only the employee's
health and life insurance premiums are deducted from
his/her paycheck on a pre-tax basis.)
If the employee also elects to have out-of-pocket
medical and dependent care costs deducted from his/her
paycheck on a pre-tax basis (a full fledged Flex Plan),
administrators typically charge $3.00 to $7.00 per
employee per month.
Therefore, if you administer the plans for 1,000
participants, your revenue can be anywhere from $3,000
to $7,000 per month. There is no limit to the number of
employees and companies you can administer to with
PowerFlex Software. To simplify this even more,
PowerFlex Software can be installed on your network so
that multiple users can enter data, look up account
balances, and print reports for any employee in any
company.
PowerFlex Software Can Work For You!With PowerFlex Software your overhead expenses as a TPA are
minimal. Experience has shown that by using PowerFlex Software, one full-time data-entry person is all that is
required for approximately every 5,000 plan
participants. Any other minor costs can be included in
the administration fees you charge.
Download your free demo version of PowerFlex Software
today and embark upon a win-win business arrangement
with all of your clients!
|
|
