About Us

ABOUT US....

MagnaBenefits Solutions is a Third Party Administrator/ billing administrator (TPA), who specializes in senior healthcare, prescription drug coverage and the outsourcing of retiree benefit administration. Our programs are customized to meet the needs of our clients, affording them the opportunity to reduce retiree health and prescription drug costs and their FASB/GASB liability.

We accomplish this by:
A. Experience pooling
B. Component pricing
C. Provider risk sharing

By outsourcing the retiree benefit administration, a company’s staff gains the necessary time to concentrate on servicing their active employees.

Industries we currently service are Associations, Unions, Manufacturing, Retail, Religious Orders, Colleges, Hotels, Banks, Municipalities and several other organizations nationwide.

Our in house, custom designed billing system allows us to individually bill each retiree monthly for their portion of premiums and list bill their former employers for their contribution. Toll free telephone numbers are provided for retiree assistance.

Other unique features of our system are customized reporting, alternative addresses (for snowbirds) and contacts, variable payment frequency and alternative payment methods (check drafts, automatic funds transfers or real time processing).