We asked a simple question to a law firm specializing in employee benefits. Can a person receive money for healthcare from 2 different employers? Our focus was on finding a way for more working Americans to receive healthcare benefits. And to uncover a method for employers who want to cover more employees but need an affordable way to do so.
LyfeSystems, the parent company of LyfeBank, has been working for more than three years developing the legal and technical method to meet these challenges. LyfeSystems retained the nation's top employee benefits law firm to make sure we avoided any legal pitfalls. This firm and others have advised LyfeSystems as we developed our comprehensive solution.
Our health benefits program is supported by a dynamic software platform. The software enables employer's tax- deductible contributions to be collected electronically and then divided in tax-free accounts for employees.
No one has done before what we are doing to address the healthcare insurance costs and access problems facing all of us. Our method is patent-pending, a testament to its uniqueness and value.
Also, numerous regional and national health insurance carriers and state regulators have vetted the LyfeSystems method. All agree that while new and unique, our method meets all federal and state laws, including ERISA, HIPAA, and EEOC regulations.