Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Retirement Plan Administrator

Carpenter Morse Group Inc.
(Remote)

Carpenter Morse Group Inc. logo

Implementation Specialist

Ubiquity Retirement + Savings
(Remote)

Ubiquity Retirement + Savings logo

Retirement Plan Specialist

RTD Financial Advisors
(Cherry Hill NJ)

RTD Financial Advisors logo

Sr. DB Plan Administrator

Nyhart, part of FuturePlan by Ascensus
(CA / UT)

Nyhart, part of FuturePlan by Ascensus logo

Relationship Manager

Compass Retirement Consulting Group, Inc.
(Remote / MA / ME / NH)

Compass Retirement Consulting Group, Inc. logo

Client Service Manager

July Business Services
(Remote / Woodway TX)

July Business Services logo

DB / DC Plan Consultant

Small NY Actuarial TPA Firm
(Remote / CT / NJ / NY)

Small NY Actuarial TPA Firm logo

Customer Support for Pension Software

DATAIR Employee Benefit Systems, Inc.
(Remote / Westmont IL)

DATAIR Employee Benefit Systems, Inc. logo

Plan Compliance Analyst (Administrator)

RPA
(Remote / Falls Church VA)

RPA logo

Senior Retirement Plan Administrator

TPS Group
(Remote / Buffalo NY)

TPS Group logo

ERISA Attorney

Smith & Downey
(Towson MD)

Smith & Downey logo

Plan Administrator

Aimpoint Pension
(Remote)

Aimpoint Pension logo

Actuarial Healthcare Director

Nyhart, part of FuturePlan by Ascensus
(Remote / Indianapolis IN / AL / AR / CT / DC / DE / FL / GA / IA / IL / KS / KY / LA / MA / MD / ME / MI / MN / MO / MS / NC / ND / NE / NH / NJ / NY / OH / OK / PA / RI / SC / SD / TN / TX / VA / VT / WI / WV)

Nyhart, part of FuturePlan by Ascensus logo

Client Success Specialist

Ubiquity Retirement + Savings
(Remote)

Ubiquity Retirement + Savings logo

Saver Success Specialist

Ubiquity Retirement + Savings
(Remote)

Ubiquity Retirement + Savings logo

Retirement Plan Administrator

Prime Benefits
(Remote / Baltimore MD)

Prime Benefits logo

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Rancho Cordova CA / Corona CA)

Nicholas Pension Consultants logo

VP Sales Consultant (Retirement)

FuturePlan, by Ascensus
(Remote / FL)

FuturePlan, by Ascensus logo

DB/DC Administrator

Primark Benefits
(Remote / Burlingame CA)

Primark Benefits logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

Press Releases by Date   |   Press Releases by Company Name


View More Press Releases by Transamerica

Press Release

Transamerica Debuts Employer-Funded Health Reimbursement Accounts

Issued by Transamerica

Oct. 20, 2021

Transamerica today announced the expansion of its workplace-focused benefit solutions with the introduction of Individual Coverage Health Reimbursement Accounts (ICHRAs). This new solution allows employers to contribute toward premiums and other expenses paid by employees for individual primary medical insurance. 

There are many benefits with ICHRAs. For employers, an ICHRA provides a tax-advantaged platform to provide contributions without the administrative burden of providing medical insurance through their organization. For employees, advantages include choosing the medical coverage that best fits their situation and having more control over their health benefits budget. Also, if the plan allows, employees can make additional pre-tax contributions. 

Eligible reimbursable expenses may be customized by the employer to include: 

  • health insurance policy premiums, 
  • dental services, 
  • vision expenses, 
  • prescription drugs, 
  • over-the-counter medications, and 
  • doctor visits or medical procedures. 

With Transamerica, customers will enjoy a simplified experience when submitting and paying for claims. Options include paying expenses through a Transamerica-issued debit card or submitting receipts for reimbursement through Transamerica’s website. The website also provides the customer’s current balance and any pending claims. 

“The percentage of people with employer-provided health insurance coverage remained at less than sixty percent in 2019, according to a report published by the United States Census Bureau in September 2020. Even so, private health insurance coverage was more prevalent than public coverage,” said Kent Callahan, CEO of Transamerica Workplace Solutions. “Transamerica is uniquely positioned to add ICHRAs to our existing menu of workplace-centered offerings. We believe this solution will be particularly appealing to employers wanting to give employees autonomy while providing employer-paid contributions toward costs.” 

To learn more about Transamerica’s ICHRA solution, employers may contact their financial advisor or Transamerica directly at 888-401-5826. 

About Transamerica 

With a history that dates back more than 100 years, Transamerica is recognized as a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States. Recognizing the necessity of health and wellness during peak working life, Transamerica’s dedicated professionals work to help people take the steps necessary to live better today so they can worry less about tomorrow. Transamerica serves nearly every customer segment, providing a broad range of quality life insurance and investment products, individual and group pension plans, as well as asset management services. In 2020, Transamerica fulfilled its promises to customers, paying more than $49 billion in insurance, retirement, and annuity claims and benefits, including return of annuity premiums paid by the customer. Transamerica’s corporate headquarters is located in Baltimore, Maryland, with other major operations in Cedar Rapids, Iowa and Denver, Colorado. Transamerica is part of the Aegon group of companies. Based in the Netherlands, Aegon is one of the world’s largest providers of life insurance, pension solutions and asset management products, operating in more than 20 markets worldwide. For the full year of 2020, Aegon managed over $1.1 trillion in revenue generating investments. For more information, visit www.transamerica.com.

View More Press Releases by Transamerica


Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

© 2021 BenefitsLink.com, Inc.