How does it work?

Navia’s Education Benefits are separated into two different solutions – Tuition Reimbursement and Student Loan Repayment.

Tuition Reimbursement

Tuition reimbursements are a great way to encourage employees to continue their education and help them build skills to benefit your company. Tuition reimbursement plans are customized to fit your company goals. For example, plans are tailored to reimburse a set amount of continuing education credits or college courses. They can also set up GPA requirements or only reimburse certain courses to an area of study. Plan costs are tax deductible, up to $5,250 per employee.

Student Loan Repayment

Student Loan Repayment allows employers to pay a portion of their employee’s student loan debt every year. These plans can be designed to pay the employee directly or to the student loan financial institution. Employers can pay up to $5,250 yearly per employee with student loan debt, tax-free.

 

*You can offer both plans, but can only fund a total of $5,250 per employee per year between both plans.

What expenses are eligible?

As the employer, you will determine what will and will not be reimbursable under the plan, funding amount, and frequency of the funds available. Common covered expenses for Tuition Reimbursement are tuition expenses, fees, and other related expenses required for enrollment at an eligible educational institution. Student Loan Repayment covered expenses are student loan debt incurred when the employee attended collegiate courses. 

Participant Features

Your employees will have access to the top tools and resources available without any additional costs. The services listed below are included for your participants as part of our standard administration.

  • The MyNavia Mobile App
  • Online Account Access
  • Online Claim Submission
  • Direct Deposit or Direct Check Mailing

Employer Features

As our Client, we’ll provide you with the best features available in the industry at no additional cost to you or your employees. The services listed below are included as part of our standard plan administration.

  • Customized Plan Designs and Materials
  • Online Account Access and Eligibility reporting
  • Dedicated Account Team
  • Custom Reimbursement Cycle
  • Integration with Payroll and HRIS systems
  • Plan Document & SPD Preparation
  • Secure File Uploads
  • Annual Non-Discrimination Testing (NDT) and Form 5500 Preparation
  • Compliance Support Services

Interested in learning more?

Contact our sales team at 425.452.3498 or sales@naviabenefits.com

Slide 1

For Individuals

Education Benefits
Build skills, save money, and invest in your future

How does it work?

Tuition Reimbursement

A Tuition Reimbursement plan is an account funded by your employer to help you pay for continuing education. Each plan is custom-designed by your employer. 

Student Loan Repayment

A Student Loan Repayment plan is an account funded by your employer to help you pay your student loans. Each plan is custom-designed by your employer.

What expenses are covered?

Tuition Reimbursement

  • Tuition expenses
  • Fees
  • Other related expenses required for enrollment at an eligible educational institution

Student Loan Repayment

  • Student loan payments

Who does it cover?

Both Tuition Reimbursement and Student Loan Repayment benefits covers you, the employee.

How do I access my funds?

There are three ways you can access your plan:

1. The Online Claim Submission tool

If you’ve paid out-of-pocket for eligible services and are requesting reimbursement, you can use the Online Claim Submission tool. You just need to fill out your claim information, upload documentation from your computer, and click submit! Login above to gain access to the online claim submission tool.

2. The MyNavia App

You can use the MyNavia App to submit claims right through your phone! Just enter your claim information and upload a photo of your documentation right from your phone’s camera. Learn more about the app!

You must be registered on our website to use the App, click the register button at the top of the page to start the registration process.

3. Email or Mail

Fill out a claim form, attach your itemized documentation, then email or mail your claim to Navia.

What type of documentation do I submit?

It is important to send proper documentation to substantiate the claim. The IRS requires that the documentation shows the:

  • Date of service (Must fall within the plan year)
  • Type of service or item
  • Cost or your patient responsibility of the service or item