Discounts
Principal® values your status as a Privileged Partner. Because of that relationship, your local office has access to several discounts
eBenefits Edge Total Management
Help clients get the most for their money by recommending online benefits administration. It helps employers save both money and time with reduced printing, postage, and time spent managing each benefit provider.
Check out Total Management from Principal. For a low monthly fee, your clients get enrollment and year-round administrative services. Plus, it accommodates multiple providers—and you get special pricing as a member of the Privileged Partner Program.
How much does it cost?
Pricing is a flat monthly fee or on a per employee per month (PEPM) basis—with no set-up or electronic data interchange (EDI) fees. The more products your client has with Principal, the lower the cost. Here are some of the products that count in determining the price—whether employer-paid, employee-paid, or self-funded:
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Additional discounts are available when utilizing a preferred payroll vendor or when purchasing 2+ optional eBenefits Edge services. If the number of products reduces after implementation, customers with 75+ employees and fewer than two qualifying products pay $4.00 PEPM. Customers with 50-74 employees and fewer than three qualifying products incur a flat $400 monthly fee.
Who can buy this?
Clients are eligible for this service if they have:
- 75+ employees and offer two qualifying Principal group products.
- 50-74 employees and offer three qualifying Principal group products.
1 Employee-paid vision is a qualifying product for cases with 100 or more employees, or for cases with fewer than 100 employees when dental is also purchased or in place.
2 Qualifying product when two supplemental products - accident, critical illness (specified disease in New York), or hospital indemnity - are purchased together.
3 Hospital indemnity only.
Flexible Spending Accounts
Offering a Flexible Spending Account (FSA) is a smart way to help employees save their hard-earned money while protecting them from the high cost of medical bills. And Ameriflex is one of the country’s foremost providers of FSA programs.
Principal and Ameriflex are pleased to offer a 50% discount on set-up fees, plus reduced costs, when offering your clients the Ameriflex FSA program. The Ameriflex debit card platform offers employers convenience in the implementation, administration, and support of an FSA program. Employees can access multiple accounts through a single card, including medical FSA, Dependent Care, and Commuter.
The Ameriflex advantage
The Ameriflex FSA solution features real-time reporting, free online enrollment, electronic data capabilities, free debit cards for employees and qualified dependents, 24/7 online claims submission, and more. It’s a win-win solution. Employers receive matching tax savings, along with the opportunity to enhance their benefit package and help employees manage out-of-pocket healthcare expenses. And employees benefit from tax-savings and receive an advance on their medical FSA election.
How it works
Employees experience savings on thousands of eligible expenses, including copays, dental and vision expenses, prescription drugs, and many over-the-counter items. And FSAs aren’t tied to health insurance plans, so employees can participate whether covered by the employer’s health plan or not.
Other features and benefits
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View Ameriflex contact information
Verizon
As a Privileged Partner, you have access to a Verizon Wireless discount on eligible plans and accessories, plus great savings on phones.
- Start by visiting this site and entering your business email address. You’ll get an email from do_not_reply@widepoint.com with instructions for the next steps.
- The email you’ll receive includes a registration link that’s unique to you. It can only be used once, and it expires after 24 hours. Click on the link.
- The next step depends on if you’re an existing or new Verizon Wireless customer:
- Already with Verizon – click “Register or validate now” to register your account for a new discount or renew your existing discount.
- New to Verizon – click “Shop now” to shop for new service, devices, and accessories. Once activated, your discount will be automatically added to qualifying plans and features.
Discounts are made available strictly as a service and do not constitute an endorsement of any product or service by Principal Life and may be changed or discontinued at any time.
Principal Privileged Partners are highly valued non-medical producers and have not entered into a legal partnership with any company of the Principal Financial Group®. This program may be changed or discontinued at any time. Ameriflex, FedEx, Staples, Verizon, Apple, Dell, and Travel and Transport are not affiliated with any company of the Principal Financial Group®.
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