Benefits Administration Simplified

We offer several benefits compliance services including 5500 filing, plan documents, wrap documents and HIPAA training.

COBRA administration can be complex and time-consuming. We offer full-cycle COBRA administration services with outstandingly competitive rates, personalized customer service, and complete compliance.

These services include:

• Start to finish notification services, from initial COBRA rights notification to COBRA information packets
• Open enrollment packets to participants
• Communication with participants
• Premium collection and remittance services, tracking and reporting
• Online employer portal
• Reporting

FSAs enhance your total benefits package while reducing FICA and unemployment taxes.

The FSA plan allows participants to pay for eligible healthcare and dependent care expenses on a pre-tax basis.

Catapult offers personalized FSA administration as well as robust participant account features.

Our services include:

• Custom enrollment materials (English & Spanish)
• Educational materials including videos (English & Spanish)
• On-site employee meetings (English & Spanish)
• Debit cards & direct deposit
• Plan document/summary plan description preparation
• Reporting 

Lifestyle Spending Accounts can offer an incredible advantage that allows your employees to pay for expenses they hold valuable. A Lifestyle Spending Account is a post-tax plan, sponsored by employers that can cover a limitless amount of expenses to help employees begin or maintain a lifestyle that promotes physical, financial, and emotional wellbeing.

These employer-funded accounts save companies thousands of dollars while helping employees with out-of-pocket expenses.

Catapult helps you choose the type of HRA, the benefit amount, the reimbursement method, the payment type, and the choice between carry-over and forfeit. We fully support custom plan design.

This plan option helps employers and employees manage healthcare costs and expenses while saving on taxes.

For employers offering a qualified high-deductible health plan, Catapult can help establish a banking relationship with our preferred bank.

Once the relationship is established, we’ll provide customer service support to participants.

As a standalone relationship, you do not have to change banks when you change insurance carriers.

For employers offering high-deductible health plans, Catapult offers limited-purpose FSAs.

Unlike the regular flexible spending account, this health savings account can only be used for vision and dental expenses.

For this reason, an HSA participant may also enroll in an LPFSA.

A QSEHRA is available to employers who have less than 50 full-time-equivalent (FTE) employees and do not offer a group health plan.

The QSEHRA can be established to reimburse employees for their health insurance premiums and/or eligible unreimbursed medical expenses.

Similar to a regular HRA, a QSEHRA is funded 100% by the employer. However, employers are not required to offer COBRA coverage or ERISA.

An Individual Coverage Health Reimbursement Arrangement (ICHRA) is a type of employer-funded health benefit that allows employers of all sizes to reimburse employees for individual health insurance premiums and medical expenses. 

Employees can choose their own health insurance plan that best fits their needs, and the employer reimburses them for the costs up to a specified amount. This arrangement provides flexibility for both employers and employees, as it separates the selection of health insurance from the employer and gives employees more control over their healthcare choices.

For employers offering post-retirement benefits, Catapult offers personalized retiree billing administration.

Our services include:

• Personalized customer service
• Open enrollment packets to retirees
• Premium collection & tracking
• Reporting

A transportation spending account allows participating employees to set aside pre-tax funds to pay for qualified work-related transportation expenses.

Unlike other tax-favored benefit plans that are structured annually, commuter benefits are exclusive to employees (not dependents) and are structured as a monthly benefit.

Catapult service features include debit cards, direct deposit and reporting.