Benefitfocus vs MyChoice Accounts by Businessolver

Compare and evaluate Benefitfocus vs MyChoice Accounts by Businessolver based on data from reviews, publicly available sources, and thousands of searches run on Shortlister’s app sign up for a free account.

Benefitfocus offers Benefits Administration, ACA Management, Claims Analytics to companies with 25,000,000 employees. MyChoice Accounts by Businessolver offers Health Care Flexible Spending Account (FSA), Health Savings Account (HSA), Health Reimbursement Arrangement (HRA) to companies with 950,000 employees.

The information in these side-by-side comparisons can be used to help your company make the best choice for its employees.

Product Description

Benefitfocus

Benefitfocus offers a single platform to simplify employee benefits enrollment, communications and administrative tasks, while also providing services to outsource... Show More

MyChoice Accounts by Businessolver

Businessolver’s online benefits enrollment software, Benefitsolver, delivers a software as a service (SaaS)-based benefits administration solution that streamlines the benefits... Show More

Min. Group Size

Benefitfocus

1,000 eligible

MyChoice Accounts by Businessolver

1,000 eligible

Lives Serviced

Benefitfocus

20,000,000

MyChoice Accounts by Businessolver

-

Product Specific Features

Benefitfocus

✓

Benefits record management

✓

Enrollment management

✓

Decision support tools

✓

Payroll deduction calculator

✓

Deduction calculations

✓

Benefits calculations

✓

Cost calculations

✓

Total compensation statements

✓

Enrollment changes

✓

Automatic benefit changes

✓

Customizable retiree rules

✓

Customizable dependent and beneficiary rules

✓

Wellness and surcharges

✓

System integration

✓

Direct billing

✓

Imputed income calculations

✓

QMCSO administration

✓

Retroactive/arrears processing

✓

Carrier billing

✓

Carrier reconciliation

✓

Carrier remittance

MyChoice Accounts by Businessolver

✓

Benefits record management

✓

Enrollment management

✓

Decision support tools

✓

Payroll deduction calculator

✓

Deduction calculations

✓

Benefits calculations

✓

Cost calculations

✓

Total compensation statements

✓

Enrollment changes

✓

Automatic benefit changes

✓

Customizable retiree rules

✓

Customizable dependent and beneficiary rules

✓

Wellness and surcharges

✓

System integration

✓

Direct billing

✓

Imputed income calculations

✓

QMCSO administration

✓

Retroactive/arrears processing

✓

Carrier billing

✓

Carrier reconciliation

✓

Carrier remittance

Features

Benefitfocus

✓

Employee self-service

✓

Manager self-service

✓

iOS native application

✓

Android native application

✓

Responsive design

✓

SaaS / Cloud-based

✓

Dashboard analytics

✓

Third-party integrations

✓

SOC audit(s) performed

MyChoice Accounts by Businessolver

✓

Employee self-service

✓

Manager self-service

✓

Global capabilities

✓

GDPR Compliant

✓

iOS native application

✓

Android native application

✓

Responsive design

✓

SaaS / Cloud-based

✓

Dashboard analytics

✓

Third-party integrations

✓

SOC audit(s) performed

Official Resources

Benefitfocus

MyChoice Accounts by Businessolver

Media

Benefitfocus

MyChoice Accounts by Businessolver

About

Benefitfocus

Benefitfocus offers a complete solution to make employee benefits easier to choose, use and manage.

*Fully Outsourced... Show More

MyChoice Accounts by Businessolver

MyChoice Accounts is an intelligent, bank-like administration platform for HSAs, FSAs, HRAs, LSAs, commuter, and other tax-advantaged benefits that empowers... Show More

Founded

Benefitfocus

June, 2000

MyChoice Accounts by Businessolver

2012

Location

Benefitfocus

Charleston, SC

MyChoice Accounts by Businessolver

West Des Moines, IA

Employees

Benefitfocus

1,209

MyChoice Accounts by Businessolver

3,100

Funding Summary

Benefitfocus

Not Provided

MyChoice Accounts by Businessolver

Not Provided

Website

Reviews

Benefitfocus

3.8 (3)

MyChoice Accounts by Businessolver

0.0 (0)

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