The Medcom Cares card allows employers to provide tax-advantaged funds to employees for specific necessities such as, groceries, personal care items, and medications.
“We are committed to supporting our employee benefit consultants and their clients at this critical time and welcome this opportunity to move rapidly with a tax-free benefit for employees whose lives have been touched by this national pandemic.” Michelle Barki, Senior Legal Counsel
JACKSONVILLE, Fla. (PRWEB)
April 02, 2020
Medcom Benefit Solutions announced today a significant and valuable expansion of its Consumer Driven Health Plan division with the introduction of a Disaster Relief Program. The program, Medcom Cares, assists employers looking for time-sensitive and creative financial ways for helping their employees dealing with furloughs, reduced hours, and layoffs.
“Employers are looking for both short-term and long-term solutions for providing financial assistance to employees who have been impacted by workforce changes and reductions in hours due to COVID-19,” stated Michael J. Bracken, President of Medcom. “We are taking advantage of existing federal regulations and facilitating the delivery of a tax-deductible and tax-free financial benefit to employees. Through the ease and use of a personalized debit card, employees will have access to critical services providers such as grocery stores, pharmacies, medical providers, and others with employer-provided funds made available in advance.”
As employers face the increased risk and uncertainty of the economic slowdown due to COVID-19, they must explore better ways for supporting their employees, even for a brief time, and before receipt of funds from the recently passed $2 trillion Coronavirus Stimulus bill.
Michelle Barki, Chief Legal Counsel and Compliance Officer states, “Medcom stands ready to deliver an easy to navigate solution to employers, which includes consultation, preparation of relevant plan documents, eligibility management, distribution of debit cards, and full call center support. We are committed to supporting our employee benefit consultants and their clients at this critical time and welcome this opportunity to move rapidly with a tax-free benefit for employees whose lives have been touched by this national pandemic.”
Medcom hosts an informational webinar on Tuesday, April 7, at 2 p.m. to share the details of this comprehensive and beneficial program. For more information, visit http://www.medcombenefits.com, or register here: bit.ly/CaresWebinar.
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