Transforming Benefit Administration Through Partnership and Precision
The Preferred Way
At Preferred Benefit Administrators, we’ve been a trusted partner in benefits administration for over 26 years, delivering excellence the 'Preferred' way. As a proud women-owned business, our commitment to transparency, accuracy, and efficiency defines our approach, ensuring that every solution is tailored to empower employers, support brokers, and prioritize the needs of members. With a focus on seamless benefits administration and expert navigation of healthcare regulations, including ACA reporting, we provide unparalleled service and support. Discover the difference of benefits administration done right—experience the 'Preferred' way.
Our Services
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Health Plan Administration
Our Health Plan Administration services ensure comprehensive and efficient management of your health benefits, including self-funded, level-funded, and graded-funded plans. Every claim is meticulously reviewed by our trained claims specialists—never auto-adjudicated—resulting in an accuracy rate of over 99%. From streamlined enrollment processes to precise claims processing, we deliver a seamless experience for both employers and members, combining transparency and accuracy to enhance overall satisfaction and compliance.
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Limited Benefit and MEC Plan Administration
We offer a range of Limited Benefit and Minimum Essential Coverage (MEC) plans designed to provide essential health coverage at an affordable cost. These plans are tailored to meet the fundamental requirements while managing your budget effectively. Whether you're looking for basic protection or a cost-effective solution for your employees, our plans deliver value and peace of mind.
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Compliance and Regulatory Assistance
Navigating the complexities of healthcare regulations can be challenging. Our Compliance and Regulatory Assistance services ensure that your benefits plans adhere to all federal and state requirements, including ACA reporting. We provide expert guidance and support to keep your plans compliant, reducing the risk of penalties and allowing you to focus on your core business operations.
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ICHRA, QSEHRA, HRA, FSA, HSA Administration
Our administration services for ICHRA, QSEHRA, HRA, FSA, and HSA plans offer flexible, tax-advantaged solutions that cater to your employees’ diverse needs. We manage the intricacies of these programs, from enrollment to claims processing, ensuring efficient and compliant administration. Our expertise helps you maximize the benefits of these accounts while providing your employees with valuable financial tools.
Network and Vendor Partners
WHAT OUR CLIENTS ARE SAYING
“Preferred Benefits Administrators has provided our company with exceptional service for many years. Their eligibility and claims departments are at all times eager and prepared to help with any questions that may arise. They are exceedingly efficient and knowledgeable when it comes to our plan’s details. Our company knows that Preferred Benefit Administrators will do everything in their power to provide us with excellent customer service. In the past we have been incredibly delighted with the service we have received from Preferred Benefit Administrators and we look forward to a promising future with them as well.”
— Employer Partner for over 10 years