A New Solution for the 21st Century Economy
Employers using the LyfeBank Healthcare Financial SystemTM have not experienced a benefits cost increase in 4 years!
In this tough economy, affording quality health benefits to your employees is increasingly difficult. The group model is inflexible and costs rise each year. You face tough decisions, and your employees face uncertainty with their benefits.
we can help.
We offer an alternative solution to the group model. LyfeBank reduces employer and employee costs for healthcare by a simple move: we use "individual" policies, not "group" policies, often with savings of twenty to fifty percent.
Instead of providing a defined health benefit, you provide a defined health contribution. You control costs by deciding how much you want to pay on behalf of each employee. LyfeBank assists employees in choosing an individual health plan tailored to their needs and budget. Because you are not involved other than providing funds, you are exempt from ERISA or COBRA insurance liability.
With LyfeBank you can provide quality healthcare for your employees
and be rid of healthcare management hassles forever.
Unsure about the new Healthcare Reform Law? We can help you make sense of what it means for your business. The LyfeBank model is 100% compatible with all new regulations.
See How it Works
Note 1: The LyfeBank method is similar to an HSA but is much more flexible. For example, an HSA can't be used to pay insurance premiums.
Note 2: LyfeBank funds can only be spent on healthcare. No exceptions. Our program guarantees employers their contributions will only be spent on healthcare to assure healthy employees.
IRS Tax Note 1: Funds received by a worker and then spent on qualified healthcare expense as defined by IRS 213(D) regulations are pre-tax money to an employee.
IRS Tax Note 2: Under the LyfeBank system, funds contributed by an employer to a person's LyfeVault® account are fully tax deductible to the employer.
Call us today at 360-466-9100 to see how we can help you and your company.
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