Why WageWorks Making Wages Work Harder for Working Families–and Their Employers Keeping ahead of the rising cost of living is a challenge for every employee, regardless of where they fall on the organization chart. And as people pay more at the bus stop, doctor’s office and day care center, employers are feeling the pressure to help. Nowhere is this truer than in the area of employer-sponsored health insurance. Employers, like their employees, are paying more for health care than ever before. And as corporate premiums continue to rise by seven plus percent each year, those costs are consuming a greater share of businesses’ compensation budgets. Future forecasts call for more of the same, and as budgets get tighter, many employers will be forced to consider reducing health care coverage, or eliminating it altogether. WageWorks offers employers and employees a better way. By driving participation in tax-advantaged benefits programs, WageWorks helps to drive down the costs of benefits — and living — in a way that is aligned both with your employees’ needs and your corporate and benefits objectives. The WageWorks Approach Delivers a Demonstrable Difference in Program Participation and Account Funding FSA solutions that give participants more ways to access their funds and more visibility into account balances HSA solutions that are completely integrated into our administrative platform, simplifying program management for our clients. For our participants, WageWorks HSA solutions help working families take more control over their spending, savings and long-term investments, and the health of themselves and their families. Commuter, Parking and Vanpool solutions that drive down the cost of living for participants, wherever you do business. Our nationwide coverage provides the same savings benefits and home-delivery options whether they carpool, park, ride a train or take the ferry. Wellness Incentives that benefit everyone. They drive down the cost of insurance premiums by rewarding employees for participating in health improvement programs like exercise and smoking cessation. These benefits increase employee satisfaction and retention, while helping to reduce health care expenses. COBRA and Retiree Billing solutions that deliver high-touch customer service and the industry’s best deployment process. Employers can continue offering lower cost health coverage without the administrative hassles.
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