As many of you know, three short years ago we released the Universal Benefit Account on our MyTASC platform, as a new way of helping employers configure and manage their employee benefits. Today, thousands of employers take advantage of the 50+ different benefit accounts available to them on UBA as part of their employee benefit offering.
It was our vision all along that the platform was more than a benefit account platform. Instead, what we built was a highly configurable financial services employee benefit solution. I am excited to share that we have made another leap forward on our vision with the release of New MyTASC that will allow clients to manage their Benefit Continuation Services along with their other Benefit Accounts in a truly integrated web AND mobile experience! We already have more than 19,000 clients using our Benefit Continuation Services on the new MyTASC platform.
Just like the original development of the Universal Benefit Account, adding Benefit Continuation Services to MyTASC is another game changer for third party benefits administration. Not only do we have the capability to support all standard and non-standard benefit accounts and offerings in one unified web and mobile experience, but we are also delivering a solution powerful enough to handle financial services beyond the scope of traditional benefits. TASC is the only third-party administrator to deliver an experience that combines employee benefit accounts with benefit continuation (COBRA, Leave of Absence, and Retiree Billing) administration all on a single platform.
During this time of changing employee expectations and needs, businesses spend valuable time helping frustrated employees navigate unnecessarily complex systems. And nearly all benefit administrators are using outdated systems, making it very cumbersome for employers to effectively manage employee benefits and provide customized support to their employees. Plus, often employers are forced to use multiple vendors to meet their employee benefit needs adding costs, lost time, and complexity to offer employee benefits to their employees.
Years ago, we believed there had to be a better way. Our innovative universal platform unifies employee benefits into a single experience. No matter what plan choices employees make or how business needs evolve to keep up with workforce, this platform ensures employers spend less time getting more: More employee satisfaction. More opportunities to make a difference. More time for focusing on what matters.
MyTASC gives employers access to over 50 TASC Universal Benefit Accounts, plus TASC Continuation Services (COBRA), enabling an HR department and employees to manage any needs, at any life stage, on the same integrated website and mobile. By managing all benefits with a single login, employers can simplify their vendor list and eliminate headaches caused by having all their employees’ information spread out across multiple systems. It means employers will spend less time navigating various complex platforms so they can focus on managing their workforce.
Often overlooked or undervalued is the participant’s experience for benefit continuation. Well, TASC has also improved that. By bringing benefit continuation administration to MyTASC, participants can now see the status of their premium accounts (such as COBRA and Retiree) benefits and pay their premiums, all from the TASC mobile app. That’s the very same app they use to access their other benefit accounts, such as Flexible Spending and Health Savings Accounts. Integrating access to benefit accounts and premium plan accounts on MyTASC creates a seamless benefits ecosystem and brings simplicity to a normally complicated area.
TASC is the first to design and deliver a platform that allows companies the flexibility to design, configure and offer a suite of employee benefits that meets the evolving needs of their diverse workforce, while making it easy for them to select and enjoy the benefits they deserve. TASC’s goal is help employers improve administrative efficiency, employee ease of use, and cost savings.
Our universal platform will demystify the complexity of governmental regulations and rules, simplify administrative processes for its users, and create fluid and secure flow of money and information so our customers can focus more time and energy on what matters to them. Because what matters to us is simple – making benefits feel like benefits.
