Benefits Administration

 

 

Service Features

The beauty of our Human Resource Accounting program is that our benefits administration services are all directly coordinated with our payroll.  Payroll events which trigger Benefit Administration transactions are automatically taken care of.  Data integration improves both the integrity and efficiency of data.

Administration Features:

·         Calculate and validate rates and benefits elected

·         Calculate employer contributions and employee deductions

·         Reconcile and generate auditable self-bill

·         Pay all benefit bills including Workers’ Comp

·         Validate employee and dependent eligibility with proper employer and vendor rules

·         Assure compliance with carriers

·         Track waiting periods and dependent eligibility (maximum age, student status)

·         Coordinate employee enrollment, changes, and issuance

·         Identify and provide notification of life change events that may affect benefits

·         Provide electronic enrollment and web-based data access

·         Provide Benefits Election Summary

·         Provide individual Total Compensation Report

 

Eligibility Monitoring:

·         Apply Employee status rules

·         Apply Dependent status rules

·         Apply Effective date rules

·         Apply Contribution rules

·         Apply Out of State rules

·         Calculates Waiting Periods

·         Open Enrollment Tracking

·         Apply COBRA mandated rules

·         Connect with Payroll for Triggering

·         Apply Life Change events

·         Generate Current Eligibility

·         Report Eligibility Changes and Conflicts

 

Bill Reconciliation:

·         Reconcile each employee charges

·         Reconcile employer costs against carrier / provider bill

·         Maintain and reconcile retro-terminations & retro-addtions

·         Integrated carrier bill payment

 

Reporting

·         Total Compensation Reporting

·         Benefit Summaries to all eligible employees & dependents – Confirmation of Choices from data entered into system

·         Census Reporting

·         Enrollment Reporting

·         Employer Contribution Reporting

·         Employee Deduction Reporting

·         Division and Department Benefit Costing Reports

·         New Hire Report – For Broker

 

Additional Services

·         Benefit Acquisition Assistance - *

·         Regulatory Change Notification Service - *

·         Document Tracking System

·         Data Retention

·         Service Metrics - *

·         Online enrollment/ESS

·         HR Management System

 

* - Planned Feature