Benefits - Sized for All Business

Administration
The cost of retaining employees is getting more expensive by the day. Benefits costs are climbing steadily as are the costs of governmental regulations and administration. These include COBRA/HIPAA administration and means testing. Paymedia may be able to provide you with significant cost savings with your benefits administration.

At Paymedia we constantly challenge our partner companies to improve their products and pricing. We represent not one but many insurers. You can be assured that the product you buy is the best "fit" for your employees and your company.

Our expert administration service places the resources of an employee benefits department at your disposal. Your employees will receive the service you planned on, and their benefit administration needs will be completely met.

PAY-AS-YOU-GO Workers Compensation from The Hartford
Our EasyChoice Workers’ Compensation Premium Payment Service is brought to you in conjunction with The Hartford—one of the largest insurance providers in the nation. With our pay-as-you-go Workers Compensation you pay only for what you use, when you use it. By tying the payments to your payroll reporting you are not required to make the large front-end contribution associated with other workers compensation insurers. Year-end audits are also a thing of the past! [Read more]

401k With 404c Compliance
With Paymedia, even the smallest of companies can offer a 401k plan, and be 404c compliant. What is 404c compliance? This is an IRS law that provides an opportunity for your employees to seek damages against you if you haven't been sufficiently diligent in your 401k funds selection. Paymedia will present you with an annual report on your funds' relative performance against alternative funds. You can archive these annual reports to provide documentation to prove 404c compliance.

Flexible Spending Accounts (FSA)
For employers who offer benefits to their employees under an optional purchase plan we can set up and administer flexible spending accounts. These allow your employees to pay for these benefits before taxes are taken out of their pay. This saves them money while affording them the same great benefit.

Additional Insurance Products
With Paymedia on your team you can offer an array of benefits to your employees without being overcome by managing the details. Paymedia offers expert selection and administration services for the following insurance products: Group Health Insurance
In addition to the best pricing available, you will receive ongoing support. We will be there all along to act on your employees' behalf and maximize value for your company.
Payroll Processing with Confidence
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