Benefit: A general term referring to any service (such as an office visit, laboratory test, surgical procedure, etc.) or supply (such as prescription drugs, durable medical equipment, etc.) covered by a health insurance plan in the normal course of a patient's healthcare.

isolved Benefit Services is trusted by over 17,000 employers with millions of employees to manage their benefits solutions.

• Defined benefit plans – These plans pay participants a certain amount after they retire. based on years of employment and their salary. • Employee welfare plans or welfare benefit plans – These plans provide medical, health, and hospitalization benefits or income in the event of sickness, accident, or death.

isolved provides comprehensive account-based administration to maximize employee experience and benefit reimbursements including: Anywhere, anytime access to employee plan information or support services. Quick and easy reimbursement for out-of-pocket expenses.