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Technology
In 1991, the then Lillis, McKibben & Co. and Boetger & Associates jointly established Beneflex, a third party administrator of employee account based medical reimbursement plans. Over the years services have expanded to include applying debit card technology to enable employees to pay for out-of-pocket medical expenses - like deductables, co-pays and non-covered items - using pretax dollars. This saves money for both employer and employee, because dollars contributed to a BeneFlex account escape FICA and income taxation.
Beneflex participants use debit cards to pay for these expenses at the point of sale, simply accessing their account by paying with a swipe of their BeneFlex card. The card removes the need for cash payments, automatically tracks expenses with online access to balances, facilitates online management, and provides a year-end statement for use at tax time.
We focus on
- On-line employee recordkeeping
- Ease of use
- Access to statements
- Current balances
- Tax records
- Claim payment

