Our Story
Benefit Administrators of California (“BAC”) was founded by a Licensed California Insurance Broker, who realized that many of the San Francisco based companies are not meeting San Francisco Health Care Security Ordinance (“HCSO”) requirements and often find themselves in competitive disadvantage relative to similar companies operating outside of the San Francisco City boundaries.
The challenges that San Francisco based companies face to comply with HCSO are:
a) Administrative and Clerical costs associated with processing medical expense reimbursements and maintaining records sufficient to establish compliance with the employer spending requirements.
b) Many employees are not able to use the reimbursements-only based program because they do not have money to pay upfront for medical services and wait for the reimbursements. Hence, SF City Option is not being an ideal solution for such employees and therefore their employers.
c) Many people working in San Francisco do not reside in the City and therefore not eligible for programs the City offers to its residents. Hence, employees, eligible for HCSO contributions and not residing in San Francisco, may not always be able to acquire health care insurance, other than the one offered by their employer.
d) Companies operating in San Francisco often find themselves in competitive disadvantage to similar companies operating in the Bay Area cities located next to San Francisco, because the additional cost of meeting HCSO requirements is not perceived by employees as equivalent to higher hourly wage offered by non San Francisco companies.
Our Solution
Benefit Administrators of California (“BAC”) addresses the HCSO compliance requirements by:
a) offering companies and individuals various Medical, Dental and Vision healthcare insurance products.
b) on-site benefits administrator person for companies with 100+ employees.
c) technology solutions, such as Mobile Application for employees to be able to access their benefits information any time and SMS notifications for delivery of notifications.
d) direct pre-tax payments to healthcare providers so that employees do not have to pay out of pocket and wait for the reimbursement checks.
e) MRA Administration and medical expenses reimbursements processing
Why Our Solution is Better than SF City Option
Benefit Administrators of California reduces cost of HCSO compliance for Employees by offering onsite Benefits Administrator Staff and Technology Solutions enabling to meet HCSO notification requirements, which is especially important for companies employing large number of part-time staff working different shifts during the 24 hours per day, 365 days per week.
Benefit Administrators of California enables employees to maximize value of their HCSO dollars. The BAC payments directly to Healthcare provides are pre-taxed for employees compared to employees having to pay to Healthcare provides from their after tax dollars and then get reimbursed from the Medical Reimbursement Account. This program alone turns HCSO program from being a Comparative Disadvantage to being a Comparative Advantage for the San Francisco Companies.
Program Cost and How to Get Started
The Cost of the MRA Administration and additional HCSO Compliance Services provided by Benefit Administrators of California (“BAC”) depend on your Company size and your specific requirements.
Please contact BAC Representative via the phone (408) 320-0010 or email help@baoca.net for details and a quote.