Clarity Benefit Solutions
Clarity Benefit Solutions Funding Options Guide
Pages
2
Time to read
3 mins
Publication
Language
English
Pages
2
Time to read
3 mins
Publication
Language
English
This guide outlines the funding options available for implementing Clarity Benefit Solutions. It details two primary funding models: Clarity Funding and Client Funding. Clarity Funding is described as a secure method where all transactions are drawn from a Clarity Account, which includes features like fraud protection and online access to account details. It requires a prefund prior to the go-live date, with specific requirements for Health Reimbursement Arrangements (HRA) and Flexible Spending Accounts (FSA). The guide specifies that Clarity manages bank account statement reconciliation and provides claim reimbursements through checks issued from the Clarity bank account. The Client Funding model allows companies to use their own bank accounts for plan expenses without a prefund requirement, although it emphasizes the importance of maintaining a sufficient balance. The guide also mentions necessary documents and steps for getting started with each funding option.