BENEFIT HARBOR

Administration of employee benefit plans concerning insurance and finance which permit participants to electronically enroll in plans offering benefit packages; health insurance administration in the nature of COBRA (Consolidated Omnibus Reconciliation Act of 1986) and FSA (Flexible Savings Account) processing, which includes enrollment for new employees into the specified health plan, tracking of health insurance premium while the employee is employed, notification of eligibility of employees upon termination, receipt of employee paid premium to maintain health coverage, reconciliation of paid premium and billed premium, remittance of paid premium to health insurance carrier or third party administrator; data verification and validation for all of the foregoing services

Electronic exchange of data between employer, third party administrator and/or health carrier using specified file formats; HIPAA (Health Insurance Portability and Accountability Act of 1996) administration, namely, exchanging data between covered entities using approved file format exchange of electronic data interchange, exchanging data between covered entities using advanced encryption technology, and exchanging data between the HIPAA administrator and covered entities allowing HIPAA certificates to be processed more efficiently