WALTHAM, Mass.--(BUSINESS WIRE)--Alegeus, the market leader in consumer directed healthcare (CDH) solutions, today announced that Pension Dynamics Company LLC, an innovative retirement and benefits solutions provider, has selected the Alegeus platform to power its account-based benefit offerings. In addition to supporting its existing flexible spending accounts (FSAs), health reimbursement accounts (HRAs), and dependent care and transit accounts, the Alegeus partnership will position Pension Dynamics to grow within the CDH market. Powered by the Alegeus platform, Pension Dynamics will deliver market-leading account capabilities and an unparalleled customer experience, further establishing the company as a leader of both retirement and healthcare benefits.
The healthcare market is in the midst of a shift toward individual responsibility for costs, which will necessitate that consumers take a more active role in virtually all aspects of their care – especially their healthcare finances. In much of the same way that company-sponsored pension plans transitioned to more consumer-directed 401ks, health benefits are following a similar path, leading to rapid adoption of consumer directed healthcare accounts (FSAs, HSAs, HRAs).
“Having already witnessed a similar paradigm shift in retirement benefits gives us great insight into consumer needs, as healthcare shifts toward a more consumer-driven model,” said Melania Budiman, Pension Dynamics President. “We see a tremendous market opportunity to better engage and empower healthcare consumers to navigate these financial responsibilities and maximize the value of their healthcare dollars. As a leader in both retirement and healthcare benefits, and with the full strength of the Alegeus platform and partnership behind us, we believe we are now uniquely positioned to capitalize on this opportunity.”
Alegeus offers the industry’s most comprehensive CDH platform, which combines account-based solutions to help consumers save and pay for their care with HSAs, FSAs, HRAs, and more, and powerful engagement tools to empower consumers with meaningful support at critical “moments of truth” in their healthcare journey, helping them optimize their healthcare spending and maximize their healthcare savings.
“We are thrilled to welcome Pension Dynamics to the Alegeus family and look forward to helping them unlock their full potential in the CDH market,” said Steve Auerbach, Alegeus CEO. “We have architected our platform to offer maximum flexibility and the industry’s most robust account and engagement capabilities so that clients like Pension Dynamics can create unique product experiences and deliver differentiated value for their customers.”
About Pension Dynamics
Pension Dynamics is a California-based full service retirement and benefits solution provider that has designed, installed and administered qualified retirement and flexible benefit plans for more than 30 years. Pension Dynamics leverages a common-sense approach to retirement and benefit planning and administration and personalized service and support that delivers flexible partnerships, improved value and, most importantly, results. For more information, visit www.pensiondynamics.com or call (925) 956-0505.
Alegeus is the market leader in consumer directed healthcare (CDH) solutions, offering the industry’s most comprehensive platform for the administration of healthcare benefit accounts (including FSAs, HSAs, HRAs, wellness incentive, dependent care, and commuter accounts), the industry’s most widely-used benefit debit card, and powerful engagement solutions to help consumers maximize savings and optimize spending for their healthcare. Over 300 clients – including health insurance plans, third party administrators and financial institutions – leverage Alegeus’ deep expertise and proven technology to administer benefit accounts for more than 29 million members and process more than $8.9 billion in consumer healthcare payments annually. As the healthcare and benefit markets continue to evolve, Alegeus delivers solutions that enable clients to evolve their service offerings, operate their businesses more efficiently, and focus on their customers. The company is headquartered in Waltham, MA with operations in Orlando, FL and Milwaukee, WI.