PAYTIENT | SHRM 2022
Kicking off SHRM22 in style
Interested in learning more about how Paytient can make this benefits season the best one yet?
Local to NOLA?
Learn more about our partnership with LCMC Health and how you can put Paytient in your employees' pockets at no cost.
WHAT IS PAYTIENT
Every employee can enjoy that "wallet-full" feeling
With Paytient, you're filling every employee's pocket instantly while providing them with a healthier way to pay for out-of-pocket expenses.
Our members can use their payroll-integrated Paytient cards to pay for their medical, dental, vision, pharmacy, mental health, and even veterinary expenses over time — always without interest or fees.
EMPLOYEE RETENTION
Fill the gaps in your benefits package
Offering Paytient enables you to:
Show your employees how much you value them.
Improve your diversity, equity, and inclusion.
Provide a better benefits package.
PLAN OPTIONALITY & INFLATION
Combat inflation in as little as 30 days
While out-of-pocket costs have been shifting from employers to employees for several years, the sudden spike in inflation has exacerbated the problem. Paychecks just aren’t going as far as they once did.
When it comes to healthcare costs, people need an easier way to pay for their care. Paytient accomplishes this by working alongside your existing insurance plan to remove cost as a barrier and encourage your employees to seek the care they need.
HEALTH EQUITY
You can make healthcare more affordable for all employees
A one-size-fits-all approach to benefits tends to disadvantage those who are already vulnerable to the effects of health inequity. Together, we can make healthcare more affordable for all.
Offering Paytient as a benefit can increase the affordability of care for every employee without substantially increasing costs for employers. Paytient gives employees access to funds right away that can be used to cover their healthcare expenses.
You'll want to check this out
Interested in learning more about how Paytient can help your team? Read some of our educational blog content!
Why It's Time to Start Taking the Employee Experience Seriously
Two of the most significant financial pain points modern employers face are productivity and retention. With the U.S. labor market facing a record churn rate — a total of 4.5 million workers left their jobs in November 2021 alone — it’s crucial that companies take steps to improve workplace culture.
7 Benefits That Will Help You Attract (and Retain) Top Talent
The past 18 months haven’t been easy for anyone, and employers are no exception.
Numbers from the U.S. Labor Department show that 8.4 million Americans are still without work, yet companies are struggling to fill the open positions they do have.
Does Your Benefits Package Meet Your Team’s Basic Needs?
Crises have a funny way of bringing other problems to light. For the past two years, we’ve been riding a continuous carousel of major revelations. The toll and stress of the COVID-19 pandemic, for instance, sent the whole world into a tailspin.
FAQ
Still have questions? We have answers.
What if an employee leaves my company and owes a balance?
Paytient assumes all the risk for the line of credit given to employees. If an employee leaves, we will contact them to figure out the best way for them to continue their payments outside of payroll deduction.
How does Paytient work with tax-advantaged accounts (HSA/FSA)?
Paytient supplements existing HSA/FSAs. We create financial flexibility so members can make the most of their tax-advantaged accounts — often by leveraging Paytient to afford care in excess of their FSA funds, paying for care before they have accrued sufficient HSA balances, and avoiding spending down their HSA to allow their funds to grow over time. Paytient also addresses additional care costs that are not covered by FSA or HSAs.
Where can my employees use Paytient?
Your employees can use Paytient at any medical, mental health, dental, vision, or veterinary provider that accepts Visa!
How much does this cost my employees?
Employees pay back what they use on the Paytient card and not a penny more!
Does Paytient require a credit check?
Nope! We will not run a credit check on you or your employees to issue this line of credit.
Can employees use Paytient at out-of-network providers?
With Paytient, there is no such thing as an "out-of-network" provider! Employees are able to use Paytient for themselves or their loved ones at care providers that accept Visa.
As an employer, what do I need to do to implement Paytient?
Paytient seamlessly connects with payroll systems by matching an employer's preferred deduction method and following its business-as-usual processes. We allow you and your HR team to be effortlessly generous this enrollment season.