Employee benefits and administration solutions come with all sorts of bells and whistles. But how do you separate the wheat from the chaff? Here is a quick guide to what to look for in an employee benefits and administration solution.
Technology – make it work, and keep it from taking over your business
Your ideal solution should be Software as a Service (SaaS). The goal should be zero IT overhead while providing maximal access to your HR staff, benefits administrators, and employees. Browser-based will keep your costs down and usability up. Technology is basic in considering what to look for in an employee benefits and administration solution.
Consolidate carrier invoices
Simplify insurance carrier billing and application processing. Your ideal system will consolidate invoices from different carriers. And, your ideal system will have one universal application instead of carrier-specific applications.
For you and for your employees, making enrollment and streamlined efficient across multiple carriers means that you can offer a wide choice of benefits programs from a variety of carriers without incurring extra costs or onerous processing overhead. It’s a win-win situation: lower administrative costs for your organization and more choice for employees. Look for an employee benefits and administration solution that goes far beyond just reconciliation.
Make sure that you have a friendly employee benefits portal
Your ideal solution should have a web-based, mobile-accessible portal for employee benefits. Staff and employees should be able to access benefits and claims information, forms, learning content, and be able to process activities online.
The unknowns: what to look for in an employee benefits solution that you don’t need today
You want to include the features and functions that you know you need. These include forms for your carrier, your company, online activity processing, and efficient online enrollment. You also want features that may help you control costs, such as learning resources.
But, you also want the solution to be user friendly, and easy-to-use for staff. You want integration between your organization, your insurance carriers, and other involved parties. And, you want integration to be modular so that over time you can add to the mix because you don’t know what and with whom you will need to integrate in the future.
Reach out today and find out how you can find a solution that goes beyond what you need today, and can support greater efficiency in the future. Call now, or fill out the contact form!