MagnaBenefits Solutions, Inc · Grand Rapids, MI United States

MagnaBenefits aims to keep up with active retirees and help employers manage costs. Formerly known as MagnaCare Group, the company is a third party administrator that services group policies for retiree members, including claims and billing administration for health care plans, prescription drug policies, and annuities. Its is primarily focused on helping employers reduce their liability under the Governmental Accounting Standards Board (GASB) statements 43 and 45 overseeing "other post employment benefits" or OPEBs. MagnaBenefits has customers in several types of organizations, from colleges and municipalities to trade unions and corporations. To read the full description, subscribe now.