About Us:
What Employers are Facing Employer costs for employee benefit programs are again climbing at double-digit rates. Both out of economic necessity, and because they believe that employees need to have incentives to make cost effective decisions, employers are looking for new ways to share benefits expenses more equitably. Most all are looking more at consumer-directed benefit plan designs. In health care alone, deductibles and coinsurance are being re-introduced. Employers are switching their current program to entirely new benefit plan models, trying to cap their financial exposure. Others are doing so just for a part of their benefits -- for wellness accounts, prescription drugs or retiree medical, as examples. But most employers are not yet ready to make really big moves. And we don't think they have to. How Evolution Benefits Helps What's needed is a new contract between employers and employees on the sharing of financial liability and decision making responsibility for benefits. That's where Evolution Benefits comes in. We offer a new technology to help in the redrawing of this benefits contract. At the same time, our solution actually helps lower costs, reduce administrative burdens and set the stage for future plan changes. The technology is a proprietary stored-value card, called Bennyâ"¢. Your Card for Better Benefits. The Bennyâ"¢ Card is a MasterCard® Card that electronically pays eligible out-of-pocket and other expenses directly applies them against the appropriate accounts. No paying twice, submitting tedious paperwork and waiting for a check to cash. The technology is being applied today to Flexible Spending Accounts (FSAs), Health Reimbursement Accounts (HRAs), Transportation Management Accounts...and more
Where we're located:
Evolution Benefits, Inc.
22 Waterville Road
Avon, CT 06001