The Employee Care Card offers employers more flexibility than cash or gift cards as they get to control how the credit can be spent. It also includes features where the cardholders can preserve unspent credit, while employers gain real-time insight into employee spending trends
Fremont, CA: Consumer-directed healthcare solutions firm Alegeus announced the launch of an Employee Care Card, which will enable employers to offer financial support for employees to address the immediate needs amidst the outbreak of the COVID-19 pandemic. Employees receive these relief funds via a convenient debit card, supported by a simple online experience to check their balance and view transactions.
The Employee Care Card offers employers more flexibility than cash or gift cards as they get to control how the credit can be spent. It also includes features where the cardholders can preserve unspent credit, while employers gain real-time insight into employee spending trends. The card also allows employers to determine the amount they wish to contribute per employee, as well as the type of eligible expenses they want to allow. All of these come in a turn-key program that doesn’t increase the workload for internal resources.
"As COVID-19 continues to put tremendous pressure on people, families, businesses, and the economy at large, employers are looking for ways to support their employees through this crisis," said Steven Auerbach, Alegeus CEO. “The Employee Care Card gives them a highly flexible and configurable way to provide meaningful assistance during an unprecedented time.”
Alegeus clients subscribed under the third party administrator, and health insurance plans already have access to account-based benefit programs to the employers. Besides these benefits, the Employee Care Card represents a tremendous new product opportunity to deliver expanded value and to help their customers through a very challenging time in their business. Similar to all other Alegeus products, clients will also have the ability to configure and brand program materials and experience to cater to their various needs.
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