ADDITIONAL
SERVICES
ADDITIONAL
SERVICES
Direct Billing
Direct Billing
Omega Benefit Strategies’ complete product package
includes Direct Billing administration. While today’s benefit world has become increasingly complex, our technology gives you the tools to seamlessly meet the requirements of your changing work force. When employees temporarily leave your employment for medical or other approved reasons (LOA),
Omega Benefit Strategies will take over the ongoing administration and maintenance of that employee’s benefit programs, dealing directly with the appropriate carriers so you won’t have to. Let us take care of billing employees directly, providing them with a coupon billing letter and payment coupons through the end of the leave period. We will also handle the collection of premiums from the individuals. You won’t have to worry about unpaid premiums and your employees won’t need to worry about catch up deductions when they return form leave. Direct Billing administration – like our other health and welfare administration services – is fully supported by our knowledgeable, responsive customer service team who will answer any questions your employees may have regarding their LOA eligibility or resolve any issues in a timely fashion.
Please note that Omega Benefit Strategies, LLC does not determine LOA eligibility or length of leave.
Premium Conversion Plans (POP)
Premium Conversion Plans (POP)
If you have employees that are currently paying a portion of their employer-sponsored medical, dental, or vision
insurance plans on an after-tax basis through payroll reductions, Omega Benefit Strategies can assist by setting up a Premium Conversion Plan. Employees can elect to convert these contributions to a pre-tax basis, thus saving the Federal, FICA, and State (where applicable) taxes. There are savings for the employer too, as their employees’ gross earnings are decreased accordingly!
Nondiscrimination Testing
Nondiscrimination Testing
Omega Benefit Strategies performs annual Non-Discrimination testing upon request.
Current Omega Benefit Strategies clients with FSA, HRA or POP plan(s) can find the testing
fee in their Service Agreement and should request testing through their account manager or
by indicating they want testing done on their implementation or renewal paperwork. All
other clients and non-clients wishing to have testing done on FSA, HRA or POP plan(s)
should contact our Sales department for a proposal at Benefits@Omegabfs.com or call us
508-986-9359.
Corporate Headquarters
Omega Benefit
Strategies, Inc.
14 Monument Square
Leominster, MA 01453
Hours Monday - Friday 8:30am - 5:00pm EST
Mailing Address
Omega Benefit
Strategies, Inc.
PO Box 1357
Leominster, MA 01453
Phone Number:
508-986-9359
Email Address:
benefits@omegabfs.com