MINNEAPOLIS, Sept. 9, 2016 /PRNewswire/ -- Health e(fx) today announced that it has been selected as a preferred Affordable Care Act solutions vendor by Liazon, operator of the industry-leading private benefits exchange Bright Choices®, as well as several privately labeled brands. Through this partnership, Health e(fx) will offer an end-to-end ACA workforce management, compliance, reporting, and analytics solution to all Liazon clients. Liazon is now part of a growing list of top companies that have made Health e(fx) their ACA solution of choice.
Liazon-powered exchanges now offer businesses broad ACA support, including integrated wellness programs and rewards, electronic distribution of Summaries of Benefits and Coverage, data for W-2 reporting, dependent coverage administration, adherence to Medical Flexible Spending Account limits, and self-service or outsourced solutions for meeting the ACA reporting requirements of IRS Forms 1094-C and 1095-C. Through its partnership with Health e(fx), Liazon is looking forward to helping clients streamline a complex ACA compliance process and offer more tools for employee eligibility tracking and data auditing, as well as workforce management strategies.
"Complying with the ACA's new reporting requirements can be a daunting task for businesses, given the amount of information they are asked to submit and the complexity of the IRS forms they need to complete," said Liazon's Director of Partnerships Dan Lathrop. "As an ACA expert, Health e(fx) will ensure that our clients not only stay compliant and achieve on-time IRS reporting, but also have access to insights and solutions that help them make better strategic medical benefits decisions."
Health e(fx) is unique in its field in that it focuses solely on ACA management, driven by its exclusive technology that was designed and built to offer an end-to-end workforce management, compliance, reporting, and analytics solution. Unlike other options, the Health e(fx) system audits employee data monthly, so employers can have ongoing confidence in their data's integrity, avoid fines, and have a better overall reporting experience. Armed with this technological edge and expertise, Health e(fx) was the only proven solution to achieve 100% on-time IRS reporting for 2015. In addition, HR managers appreciate that the technology is robust yet intuitive, flexible, and easy to use, while also providing valuable ACA decision modeling and data analytics capabilities that help them shape their workforce strategies.
"We are excited about this partnership and look forward to deploying our comprehensive ACA solution to help Liazon's customers calm the chaos around the ACA and make better business decisions," said Andy Brown, Health e(fx) president and CEO. "As the ACA evolves, Liazon customers can know that we will continue to offer the clarity, control and confidence they're looking for in managing this complex initiative."
About Health e(fx) Solutions
Health e(fx) is a recognized ACA expert, offering an end-to-end, workforce management, compliance, reporting, and analytics solution built exclusively for managing the ACA. Providing ACA compliance and reporting for about 8 million client members across a variety of industries, Health e(fx) is the only proven solution to achieve 100% on-time IRS reporting for 2015. Its stand-alone technology goes beyond just tracking and compliance, with the most robust decision-modeling and data analytics capabilities under the ACA. A preferred solution for HR managers from companies across the business landscape, Health e(fx) was named Top HR Product of 2014 by Human Resource Executive magazine.
Liazon operates the industry-leading private benefits exchanges for businesses across the U.S. Liazon's exchange, distributed under the brand name Bright Choices® and as a private label, is an online benefits store that allows employees to personalize their benefits package with a selection of health, dental, vision, life, disability, and a host of other benefits from top national and regional providers. Bright Choices enables companies to achieve a benefits strategy that maximizes value for their benefits dollars and helps attract and retain talent through high employee satisfaction and empowerment. Liazon was acquired by Towers Watson, now Willis Towers Watson, in 2013.
Alan Wallner, 612-225-4492 Ext 705
SOURCE Health e(fx)