Navia Benefit Solutions

Navia Benefit Solutions

Solutions for any benefit strategy

3.8

(2 Reviews)

Contents

Integration with ADP

Reduce the complexity associated with benefits administration and data management Navia Benefit Solutions integrates with ADP Workforce Now® and ADP TotalSource® to to automatically exchange employee demographic data and other benefits administration information from ADP, saving time and improving data accuracy. After you subscribe to Navia Benefit Solutions, you can purchase the data connector here and we’ll instruct you on next steps to integrate your data.

Flexible Spending Account (FSA)

Healthcare Flexible Spending Accounts (FSAs) help employees save up to 40% on health care expenses. For employees enrolled in traditional health plans, health care FSAs are used to pay for prescription drugs, co-pays, deductibles, and other out-of-pocket costs. Employees enrolled in qualified HDHPs can use limited-purpose FSAs for vision and dental expenses, thereby maximizing their HSA savings.

Key Benefits

Recurring claims processing
FlexConnect
MyNavia mobile application
Single-solution debit card
Participation growth campaigns

Health Savings Account (HSA)

Health Savings Accounts (HSA) are becoming one of the most versatile tools in an employer’s overall health care benefits portfolio. HSAs are one of the best ways for employees to save for everyday, and unexpected future medical expenses. HSAs are also one of the most tax efficient benefits available to participants and can be a valuable part of an employee’s long-term savings and retirement strategy.

Key Benefits

Financial flexibility and choice
Effortless administration
Low investment threshold
Versatile, easy payment tools
Works with any high deductible health plan

Health Reimbursement Arrangement (HRA)

A Health Reimbursement Arrangement (HRA) is an employer-funded plan that reimburses employees for medical expenses not covered by company-sponsored insurance. HRAs are popular with employers who want to create targeted and highly specific health plan designs that meet the needs of their employees. Health plan deductibles, vision, and dental costs are typical covered items under an HRA plan.

Key Benefits

Configurable plan designs
Dedicated HRA service team
Participant plan education
MyNavia mobile app

COBRA Administration

At Navia, we look at COBRA as an opportunity to serve people at what is often a critical time of need. At the same time, we offer a comprehensive range of services that eliminate work and risk for our employers. Navia’s COBRA product is a full-spectrum solution including paper/electronic notifications and reminders, payment servicing, health carrier enrollment management, status reporting, and superior customer service.

Key Benefits

Automated payment admin and reminders
ANSI 834 health insurer integration
Online platform for employers/beneficiaries
On-demand status and reports
Open Enrollment packets for participants
A dedicated COBRA customer service team

Direct Billing Services

Navia's Direct Billing Services remove the burden of collecting premiums from members who cannot have funds deducted through payroll. A coupon booklet for the premium due is mailed or emailed to the member and a dedicated customer service unit is provided to handle any and all member questions. Members have the ability to pay by check, auto-debit, or online with a credit card or checking account. All collected premiums are remitted to the employer monthly, along with reporting all activity for the prior month by member.

Key Benefits

Online platform for members and employers
Monthly reporting
Complete Direct Billing solution

GoNavia Commuter Benefits

Employees highly value the chance to reduce the hassle and cost of their daily commute. GoNavia is a pre-tax transit and parking benefit with an employee-driven ordering experience, and configurable options for companies of any size.

Key Benefits

Employee-driven elections
Supports SpotHero and Vanpools
Configurable plan design
Flexible ordering time frames
Single-solution payment card

Lifestyle Spending Accounts

Lifestyle spending accounts (LSA) continue to grow in popularity with employers looking to offer positive incentives to employees. Employers can offer reimbursements on activities and programs such as gym memberships, fitness trackers, healthy food at the office, nutrition and weight loss programs, and other popular activities that promote health and a positive environment at the workplace. The payback on wellness programs can be significant – less absenteeism, lower health premiums, and shorter recruiting cycles.

Key Benefits

Employee engagement
Configurable plan designs
Real-time financial monitoring
MyNavia mobile app

Retirement and Wealth Solutions

Navia offers an all-in-one bundled 401(k)/403(b) retirement and wealth solution. Our solution offers a team of dedicated retirement experts, superior administrative service, comprehensive compliance and audit support, total fee transparency, and high-touch participant service to give you a robust retirement package. Our capable and seasoned team (50 years providing retirement plans) will partner with you to create a best-in-class retirement and wealth benefit that significantly reduces your administrative burden, and is tailored to your unique needs.

Key Benefits

All-in-one bundled solution
Dedicated client service
Flexible and customized
Comprehensive investment access
Engaging participant education

Compliance Services

All types of employee benefits have regulations and federal laws employers are required to comply with. If companies do not comply or are unsure how to comply, they could be penalized. Fines can add up to millions of dollars and in some cases, failure to comply opens a company up to an employee suing them in criminal court. Our team has 20 years of experience handling complex benefit compliance issues with the IRS / DOL and we're here to help.

Navia offers six different benefit compliance services to establish protection for you and your employees:

ACA Reporting
Form 5500 service & late filing
Non-Discrimination Testing (NDT)
ERISA Healthcare Compliance
Premium Only Plan (POP)
Audit Services

Adoption Benefits

Adoption Benefits help employees build their families and ensure that children find caring homes. Over 135,000 children are adopted in the US each year, and the costs of a single adoption can exceed $40,000. Adoption Benefits are non-taxable for both employers and employees, and they can help offset adoption-related expenses such as adoption agency fees, legal fees, maternity fees for the birth mother, and other related expenses. Adding an Adoption Benefit increases your recruiting competitive edge and helps retain your employees.

Key Benefits

Make adoption more affordable for employees
Create an adoption-friendly culture in the workplace
Low cost, high impact benefit
Increase employee loyalty and goodwill
Extends maternity benefits to adoptive parents

Education Benefits

Tuition reimbursement and student loan repayment are great ways to encourage employees to continue their education and help them build skills to benefit your company. Tuition reimbursement plans are configurable to fit your company goals. Navia plans can be tailored to reimburse continuing education credits, accredited college courses, academic fees, and supplies required to complete coursework. Following the 2020 CARES and CAA COVID relief bills, employers also have the option to help employees with their student loan debt on a tax-free basis. Navia plans can be designed to pay the employee directly or to the employee's student loan financial institution. Eligible plan expenses can be reimbursed on a pre-tax basis annually, up to $5,250 per employee. This is a combined limit for both tuition and student loan payments

Key Benefits

Build employees skills and increase productivity
Attract and retain talented employees
Improve employee financial wellness
Configurable plans to fit the goals of your company
Plans are tax deductible

Employee Benefit Statements

Benefit statements, or total compensation statements, help employees understand the value of their pay and benefits package. An effective benefit statement clearly communicates the significant contribution your company makes to their wellbeing and financial security. Providing a transparent look at their benefits is a great way to increase job satisfaction, promote company culture, and retain talented employees.

Key Benefits

Clear, concise, eye-catching presentation of employee benefits
Full customization to match your company brand and culture
Detailed personalization to each individual
Print and digital delivery options

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