CoPower Financial Overview
An affiliate of LISI, CoPower Financial
has the support of LISI’s strong foundation of broker advocacy
and long-standing carrier relationships, helping us to understand
the needs of brokers and employers and respond quickly to
market innovations and changes.
CoPower Financial is focused on offering cafeteria plan benefits to the small employer market. We help employers identify their needs, matching
them with the products that are best suited for their employees
and their business needs. Our administration and support
also simplifies the enrollment process for employees.
CoPower Financial Offers:
Excellent Customer Service.
We provide employers
with a dedicated customer service staff who knows benefits and
is familiar with their specific needs. Our knowledgeable
staff can answer any FlexOptions questions.
Innovative Pre-Tax Funding Plans.
Pre-tax funding
plans save taxes for both employers and employees.
Online Access to Account Information.
Easy 24/7 online
access to our secure member site means less paperwork and
fewer calls from employees regarding their accounts. This
creates cost savings and reduces your administrative burdens.
Choice of Reimbursement.
For out-of-pocket expenses,
employees can choose to be reimbursed by check or direct
deposit. Employees have the added convenience of paying their
provider directly with the CoPower prepaid card.
Latest Prepaid Card Technology—One Prepaid Card for
All Products!
Eliminate the hassle of reimbursement
with a CoPower Financial prepaid card. It conveniently
pays qualified dependent care, parking fees, prescriptions,
office visit co-pays, and other health care services directly
from Health Savings Accounts (HSA), Dependent Care Assistance Plans (DCAP) or Health Flexible Spending Accounts (HFSA) to the service provider,
virtually eliminating reimbursement waiting periods. Our
card can be used for all CoPower Financial transactions.
Use your CoPower prepaid card to pay for expenses at any
qualified location where MasterCard is accepted.
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