WiredBenefits Launches Ordinance Compliant San Francisco Health Care Benefit
SAN FRANCISCO--(BUSINESS WIRE)--WiredBenefits, today announced
the launch of their San Francisco Health Care Security Ordinance (HCSO) compliant HRA card.
WiredBenefits offers employers a tax-free, independent and efficient way to provide employee
healthcare benefits. Currently available online through Shargel & Co. Insurance Services at
www.prepaidhealthcare.com/partners/shargel,
the tax free card can be used for health care services and products at providers and merchants
who accept MasterCard®.
The healthcare card has the following advantages for employers and employees:
- Compliant with HCSO – employers simply enter hours worked for covered employees
and WiredBenefits calculates and loads that exact amount onto each employees'
MasterCard®
- Independent of the City of San Francisco
- Employees can use the card for all eligible healthcare expenses including everyday
healthcare needs
- Can easily be combined with voluntary benefits to reach the Employer Spending Requirement
- Tax free - employer contributions to the HRA and employee health care expenses are both tax free
"We're very excited to bring our card based HSCO-compliant solution to San Francisco.
WiredBenefits looks forward to providing local business owners a unique opportunity to remain
compliant and give their employees a benefit they can use every day," said Charles Marshall,
CEO of WiredBenefits. "This card presents employers with a new way to comply independent
of the City."
WiredBenefits' HCSO-compliant card offers employers an accessible way to provide health benefits
to their employees through a tax free Health Reimbursement Arrangement (HRA). Employers may
update the hours worked at anytime directly online and may even select recurring monthly or
quarterly reloads for ease of compliance.
The San Francisco Health Care Security Ordinance was passed to ensure all employees are
receiving a minimum amount of health benefits based on a per/hour rate and the employer size.
The WiredBenefits solution is independent of the city and gives employers the ability to comply
at the exact amount and gives the employees the freedom to spend the funds as they choose.
Susan Shargel, president and owner of Shargel & Co. says, "We wanted to turn an
inconvenient obligation into an opportunity for employers to provide real value to their
employees."
WiredBenefits' cards are healthcare restricted prepaid cards authorized strictly for use for
approved healthcare expenses; this includes point-of-sale purchases at pharmacies and certified
retailers for all prescriptions and more than 100,000 over-the-counter medications and products.
The card does not give employees access to the funds as cash.
WiredBenefits is dedicated to combining the latest in processing technology and prepaid cards
to deliver new platforms for individualized care. WiredBenefits provides the leading platform
for independent employee health benefits.
About WiredBenefits, Inc.
WiredBenefits is a pioneer in the field of prepaid healthcare, offering a system of prepaid
cards and back-end solutions to employers, insurance brokers and consumers. WiredBenefits is
dedicated to creating powerful new payment methods to help people manage their healthcare
dollars. To learn more about WiredBenefits please visit
www.wiredbenefits.com.
About Shargel & Co. Insurance Services
San Francisco-based Shargel & Co. helps great employers design benefits programs to
attract and keep talented terrific employees. Specializing in benefits solutions for companies
with 2-200 employees, award-winning Shargel works as an advocate in the small business
market. For more information, visit
www.shargel.com.
Return