Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Benefitbay introduces a revolutionary benefit option known as ICHRA, which enables employers to reimburse their workforce for individual health plans while preserving the tax benefits associated with traditional group insurance policies. This innovative approach empowers employees to choose the most suitable benefits tailored to their unique requirements. Our focus is on the essential attributes of ICHRA, resulting in a user-friendly platform designed for ease of use, compliance, efficient deployment, cost savings, and robust support. Employers can categorize employees into designated classes based on criteria such as location, job type, or age group. After establishing a budget, they can strategically allocate contributions for each categorized group. Employees benefit from a straightforward shopping and enrollment process, allowing them to select any individual health plan available to them, whether on or off the exchange. Additionally, Advanced Reimbursement Accounts (ARC) facilitate automated monthly premium payments, while pre-tax payroll deductions are organized for off-exchange plans, and all necessary plan documentation is efficiently generated. This setup ultimately enhances employee satisfaction and engagement in managing their health benefits.
Description
Interact HRMS offers versatile deployment options, including On-Premise, Hosted, or Cloud solutions. Currently, clients across the globe in sectors such as Banking and Finance, Construction, Manufacturing, Oil & Gas, Healthcare, Education, Logistics, Packaging, Shipping, Consulting Services, Government, and more utilize Interact HRMS. The system is entirely Policy-Driven, meaning that it does not rely on hard-coded configurations; instead, client specifications are translated into Policies tailored to meet specific business needs. Its payroll engine is policy-based and accommodates multiple currencies while allowing for an unlimited number of customizable earnings, allowances, benefits, bonuses, commissions, deductions, expenses, and tax regulations. Additionally, it provides flexible options for user-defined pay period types and pay structures, supporting various payment formats including salaried, hourly, and piecework, along with labor distribution and costing functionalities. This adaptability ensures that diverse business requirements can be efficiently addressed, making Interact HRMS a comprehensive solution for workforce management.
API Access
Has API
No
API Access
Has API
No
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$15000 per year
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
Yes
iPhone App
Yes
iPad App
Yes
Android App
Yes
Windows
Yes
Mac
Yes
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
Yes
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
Benefitbay
Founded
2013
Country
United States
Website
www.benefitbay.com
Vendor Details
Company Name
2Interact
Founded
2006
Country
United States
Website
www.2interact.us
Product Features
Benefits Administration
COBRA Administration
No
Claims Management
No
Deduction Management
No
Disability Insurance Administration
No
Employee Benefits Administration
No
FMLA Administration
No
FSA Administration
No
Flexible Spending Accounts
No
For Brokers
No
For Employers
No
HIPAA Compliant
No
Health Insurance Administration
No
Life Insurance Administration
No
Online Benefits Enrollment
No
Premium Billing
No
Provider Management
No
Retiree Administration
No
Retirement Plan Management
No
Product Features
Human Resources
360 Degree Feedback
Yes
Applicant Tracking
Yes
Attendance Management
Yes
Benefits Management
Yes
Career Development Planning
Yes
Compensation Management
Yes
Compliance Management
Yes
Employee Database
Yes
Employee Lifecycle Management
Yes
Onboarding
Yes
Payroll Management
Yes
Performance Management
Yes
Recruiting Management
Yes
Self Service Portal
Yes
Succession Planning
Yes
Time & Attendance Management
Yes
Time Off Management
Yes
Timesheets
Yes
Training Management
Yes