Frequently Asked Questions

How does Purchasing Power compare to other voluntary benefits offering?  

Purchasing Power is the only company that offers a voluntary employee computer purchase program with the ease and affordability of payroll deduction. Alternatively, employees may purchase through a cash discount program. 

As a full-service provider, we handle the qualification, purchasing, and payment processes from start to finish. Employers have no additional overhead, and are never liable for purchases made by employees. 

 Request More Information or Read Our Producer's Guide 
 

The top benefits to employers include online employee self-service, employee work-life enrichment, career development, increased retention, and a more robust benefit package. 
 

Request More Information or  Read Our Producer's Guide    

How does this program complement other existing voluntary benefits?  

Purchasing Power is a tangible benefit that employees can take advantage of in their every day lives. This benefit is often sought by employees who do not participate heavily in other voluntary benefits, which is why it effectively complements other voluntary benefit products. Additionally, the program supports employee self-service initiatives by allowing some HR functions to move online. 
 

Request More Information or  Read Our Producer's Guide  

 What are the direct and indirect costs of the program for the employer?  

The employer pays no implementation or annual fee. The employer is responsible for managing the payroll deductions process. 
 

Request More Information or  Read Our Producer's Guide  

 What kinds of companies are good candidates for Purchasing Power?

 Although there is a wide variation among the companies who provide Purchasing Power to their employees, our target company has at least 500 employees, a majority of whom earn over $16,000 per year (our minimum for program qualification). Typically, companies who offer Purchasing Power earn over $20 million in revenue. Many of our clients represent the following industries: healthcare, retail, manufacturing, hospitality and the public sector. 

We offer this information as a guideline only. We appreciate your expertise as a benefits producer, and knowledge of your client base, to identify the best candidates for Purchasing Power.

 Request More Information or  Read Our Producer's Guide

Is the commission competitive?  

Yes. Due to the consistent penetration levels over time, the premium is both stable and competitive. Additionally, once an employer implements Purchasing Power, there is little involvement for the producer. Purchasing Power processes all orders, handles all customer service and takes care of the marketing efforts. 
 

Request More Information or  Read Our Producer's Guide  

 How does an employer get the program started?

 Getting started is easy. There is a short application and agreement form that the employer needs to sign to get the process going. Once the agreement is approved, an implementation manager will work closely with the employer to ensure a successful program launch.

 Request More Information or  Read Our Producer's Guide