Awards
Company of the Year — Manage HR
American Benefits Group (ABG)
Upping the Benefits Administration Game
In recent years, the US’ employee benefits landscape has rapidly evolved owing to factors such as escalating healthcare costs, changes in employment and benefits laws, and new initiatives and options in healthcare benefits. As employers continue to explore various ways to manage the costs and strategic design of their health benefits programs, integrated consumer-driven accounts such as Healthcare FSA, Health Savings Accounts (HSAs), and Health Reimbursement Arrangements (HRAs) play an instrumental role to empower participants with the tools they need to manage their health care spending and out of pocket costs. Delivering comprehensive tools and guidance to manage these accounts in one place with access real-time healthcare cost and quality assessment tools and data is a responsibility that Massachusetts-based American Benefits Group (ABG) take very seriously.
Editor's Choice — HR TECH Outlook
American Benefits Group (ABG)
Navigating the Road to Consumer Directed Healthcare 2.0
The rapid adoption of consumer-directed health plans and accounts is a megatrend. In 2021 over 80 percent of U.S. employers offer a High Deductible Health Plan (HDHP) with a pre-tax consumer spending account or an HSA. According to Employee Benefit Research Institute (EBRI), the average industry-wide Health Savings Account (HSA) balance is about $2,100, while an average couple will require more than $285,000 in savings at retirement age to cover their likely out-of-pocket healthcare costs. Moreover, only 30 percent of health savings account holders fall in the ‘saver’ category, carrying account balances from year to year. These statistics highlight the need for better education, tools, and resources to help consumers better manage the financial responsibility for their current and future healthcare costs.
Alegeus Technologies
Multiple APEX Award winner
"We are thrilled to recognize the superb growth, industry-leading performance and business innovation American Benefits Group has achieved,” said Karen Thomas, chief growth officer at Alegeus. “We have immense gratitude for their strong commitment to our long-term partnership, and we look forward to supporting their continued success.”
Customer Service Champion
2014, 2015
National Leader in Operational Efficiency and Excellence
2018, 2019, 2020, 2022, 2023, 2024