Lighthouse1 Software Release Provides Better Client Protection

Simplifies the process and ensures federal compliance for TPAs

MINNEAPOLIS, December 16, 2005 – Lighthouse1, the industry leader in Consumer Directed Healthcare (CDHC) software, today announced a release for Lighthouse1 OnDemand™ with several enhancements and new features to increase productivity and better help clients meet their benefits administration needs. The highlight feature of this release is enhanced nondiscrimination testing capabilities. Incorporating the nondiscrimination testing enhancements into Lighthouse1 OnDemand™ allows benefits administrators the opportunity to provide their customers an expanded service. 

“Our aim is to simplify the process so Third Party Administrators can better serve their needs and manage risk for their clients,” said Jeff Bakke, Chief Operations Officer of Lighthouse1. “We strive to provide the highest value services for our clients and ensure they get the best and latest solutions available.”

Simplifying Nondiscrimination Testing
Many administrators are forced to use a cumbersome and labor-intensive process to ensure their employer clients are complying with IRS and Department of Labor rules.  With Lighthouse1 OnDemand™ the process is simple, easy to use and creates a uniform method of testing - expanding service capabilities of CDHC administrators with reduced cost and effort.

Ensuring Federal Compliance
As part of the compliance testing process, the enhanced Lighthouse1 OnDemand™ solution offers an easy-to-use look at highly compensated and key employee classes to ensure an employer’s benefits plan is in compliance with IRS and Department of Labor regulations with just the touch of a button.  Lighthouse1 OnDemand™ nondiscrimination testing provides a uniform, consistent and efficient portfolio of tests with reliable reports for all parties.

Managing Risk
The new release with Lighthouse1 OnDemand™ also helps administrators better protect their clients because the process uses data already available in the system. Typically when CDHC administrators think of risk reduction they think of a large investment. However, with Lighthouse1 OnDemand™ a best-in-class technology center is bundled with a best-in-class solution and packaged at a market-leading price.

About Lighthouse1
Lighthouse1 delivers consumer directed healthcare (CDHC) administration software solutions including Lighthouse1 OnDemand™, the high performance Software as a Service (SaaS) solution, to resolve challenges in the administration of Section 125, 105, 132 and other pre-tax spending programs in the healthcare and employee benefits industry. Its mission is to use the latest technology and services to assist and support CDHC administrators in the management of health care account services. Lighthouse1 OnDemand™ allows third party administrators and healthcare providers to manage services for employer plans that include: flexible spending accounts, health reimbursement arrangements, variable employee benefits arrangements, health savings accounts and transit plans. More information is available at www.lighthouse1.com.

###