Office Closure

eflexgroup's offices will be closed on Friday, July 3rd, 2009 in observance of Independence Day. We will reopen at 7:00 AM Monday, July 6th. Have a wonderful holiday weekend!

Breaking News!

Senate Finance Committee Recommendation Will Result in Tax Increases, Loss of Benefits

The senate finance committee recently discussed a proposal which would have dire consequences on a thriving industry and leave Americans facing increased taxes and loss of benefits.

At eflex, we typically don't take a stance on these types of industry or market-related circumstances. However, in a situation like this, we must speak up due to its direct impact on us, the community, and the nation. We are compelled to make citizens aware of the impact of the proposed reform and encourage everyone to express concern to their senators and congressman.

On May 20, the Senate Finance Committee met in Washington to outline options for potential health care reform designed to fix the amount of uninsured in this country. The document issued is titled, "Financing Comprehensive Health Care Reform: Proposed Health System Savings and Revenue Options." In this document, the senate outlines a variety of options which include repealing, capping or reducing the employer-exclusion and eliminating pre-tax benefits like flexible spending accounts (FSAs), health savings accounts (HSAs), and health reimbursement arrangements (HRAs).

There are currently over 48 million Americans participating in flexible spending accounts, and hundreds of thousands working in the flex spending industry. Taking away these benefits and closing the industry would have a devastating effect on thousands locally, and across the country. Millions would lose pre-tax benefits that help them pay for out-of-pocket medical expenses, daycare, and health insurance.

In addition employers will be forced to increase employee costs because of a proposed reduction or elimination of the health insurance tax credit. Health insurance costs to employees will become exacerbated coupled with the fact that they lose the pre-tax savings on health expenses, insurance premiums, child care etc. All of these negative effects will come about to fix roughly 15% of the population that do not have health insurance. The Senate is going to negatively impact the 85% that have insurance and affect the 48,000,000 employees who use FSAs, HRAs and HSAs.

Contact your local Congressman or Senate to voice your opinions about this proposal.

For more information about the Financing Comprehensive Health Care Reform: Proposed Health System Savings and Revenue Options please contact us or visit: http://finance.senate.gov/sitepages/legislation.htm

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Claims Status 7/4/2009:

The claim payment turnaround time, noted above, does not apply to employers who have a reimbursement (claim) schedule such as weekly, twice per week, or bi-weekly (every two weeks). Please contact your HR department to determine whether your employer has a schedule other than daily for claim payments.

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eflex News

eflex Wins Another National Honor

June 23, 2009, Madison, WI- eflex received national honors for the second time this year at Lighthouse1's annual conference and forum, Revolution09. The conference, held at the Hilton Hotel in Bloomington, Minnesota is the software vendor's biggest event of the year, bringing together industry experts and health care providers from across the nation.

eflex and its 80-plus employees were recognized with the night's most prestigious award, Partner of the Year. Award winners were recognized for reaching various significant milestones throughout the past year. The Partner of the Year award specifically recognizes excellence in employer and participant satisfaction, growth, and service excellence. The award was accepted by company founders and CEOs, Ric Joyner and Tom Jacobs, who were joined by eflex President, Steven Funk and handful of eflex staff members.

Funk explains, "eflex is a great company with a tremendously dedicated staff. We're happy to be part of a successful industry that provides benefits to so many people. We've worked very hard to get where we are today and have faced many challenges. Being recognized again for our achievements among so many industry giants is truly humbling."

This award comes at a somewhat bittersweet time for the company, in the midst of Senate talks to eliminate the flexible spending industry to fund health care reform. "We're really excited about our award win, but it comes at a time when we're working diligently to prove to the Senate that our industry has real value. We help make health care more affordable to the 1 in 6 Americans who participate in flex plans. We also provide jobs and health care benefits to more than 80 people. We're growing, and hiring at a time when many companies are downsizing and letting staff go. This award just reiterates our success as a company," adds Ric Joyner eflex Co-founder and CEO.

eflex was also honored in January at the International Lean Six Sigma Process Excellence Awards. The Madison-based company beat out a variety of companies including Wal-Mart, Capital One, and Allstate, for their implementation of the Lean Six Sigma program. By using the Lean Six Sigma program (which can be applied to virtually any business) eflex was able to increase profits, employee efficiency, morale, and offer their customers world-class service. eflex provides excellent services to thousands of clients locally and across the country, including: CKE Restaurants, Famous Footwear, GUESS?, MG&E, and Obama for America.

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