North Coast Administrators partners with Lane Health to offer innovative spending account solutions
December 1st, 2021 — Westlake, Ohio — North Coast Administrators announces they have partnered with Lane Health to offer an Advance* line of credit across all their benefit account solutions. North Coast Administrators will continue to provide high quality spending account administration services to their existing and new customers. The Advance line of credit will be powered by Lane Health.
“North Coast Administrators has added the Advance line of credit to its solutions portfolio so that our customers can provide additional financial protection to employees who might have difficulty paying for a large or unexpected healthcare expense”, says Nicolette Rios, President of North Coast Administrators. “Lane Health’s lending solutions, coupled with their experienced leadership team, make this a perfect match.”
“The Advance line of credit is a true differentiator,” says Tom Elliott, Cofounder & Chief Client Officer of Lane Health. “By providing on-demand funds to employees, North Coast’s clients can give their employees greater peace of mind, knowing they’ll have help paying for healthcare expenses when they need it, even employees who make no contribution pre-commitment. And, they’ll have 12 months to repay the Advance and associated fees. The employer pays no fees, has no funding obligation, and is not at risk for any uncollectible Advances, making this a very easy and valuable benefit to offer its employees.”
North Coast Administrators is an employee benefits company providing services to employers and broker partners across the United States. NCA delivers white glove service with industry-leading software to clients looking to deliver personalized guidance and innovative health and wellness outcomes for their employees, and is pleased to be partnering with Lane Health, a leader in healthcare lending solutions to employers.
*Advances issued by WebBank, Member FDIC