MINNEAPOLIS -- (BUSINESS WIRE) -- Evolution1™ has been chosen by Paybefore as a winner in its 2013 Paybefore Awards in the Best Benefits Distribution Card Program category. The Paybefore Awards, now in their seventh year, are the most prestigious recognition of excellence in the worldwide prepaid and emerging payments industry.
The winning card program, Evolution1 Card Program for Taft-Hartley Trust Funds, was chosen from a record number of entries from around the world. It enables union members to have a convenient, consumer-friendly card to access their health reimbursement account (HRA) pre-tax funds to pay for their current health care expenses. Using the card, members do not have to pay upfront and wait for reimbursement; they can choose to save the funds to accumulate for their retiree health care expenses.
“We’re honored to be named a Paybefore winner for the second consecutive year,” said Jeff Young, chairman and CEO of Evolution1. “In the ever-changing landscape of consumer healthcare, our commitment has remained steadfast: to reduce costs and simplify the business of healthcare. The Evolution1 Card Program for Taft-Hartley Trust Funds does just that, and our Partners are to be commended for their innovation and leadership as related to the program.”
“Paybefore Awards were created to honor the companies and individuals that are at the forefront of innovation as well as successful market implementation across the globe,” said Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel. “It’s a dynamic time in electronic payments as companies like Evolution1 continue to innovate to solve payments problems.”
The Evolution1 Card Program for Taft-Hartley Trust Funds will now vie for Best-in-Category distinction; votes can be cast at www.paybefore.com.
Evolution1 and our Partners serve more than 8 million consumers, making us the nation’s largest electronic payment, on-premise and cloud computing healthcare solution that administers reimbursement accounts, including Defined Contribution, HSAs, HRAs, FSAs, VEBAs, PRAs, Wellness, and Transit Plans. It is the only solution that offers a single end-to-end user experience, provides innovative auto-substantiation technologies, and automates workflow for Partners, employers, and consumers. Learn more at www.evolution1.com.