Go Online This Open Enrollment Season To Make The Process Easier!
To remain competitive in the benefits industry, employers must constantly seek ways to offset the impact of benefits cost increases on their business. One of the prominent ways to achieve this is by minimizing the administrative operating cost involved in benefit administration by the means of automation. Also, the enrollment process is extremely time-intensive thus automating most of the hectic tasks will free up HRs to focus more on their people rather than the processes. So, it’s a great time to analyze your current processes and consider an effective change.
Automation in employee benefits industry too has gone to a whole new level with the introduction of online Benefits Enrollment tools.
The advantages of getting the job done online by means of automated technology are discussed below -
Fully Customizable
An online enrollment system is extremely easy to set-up and can be molded according to the individual business’ specific requirements, ensuring that only the required features are visible to the users. This makes the system fully customizable thereby reducing the chances of any errors or data discrepancy
Aid Better Decision Making
Any employee, when offered benefits from the employer, might want to review the detailed information or discuss it with his/her family members before taking any decision. This requires that all the benefits information is available online so that it can conveniently be accessed anytime and anywhere.
Provides A Hassle-Free Paperless System
A paperless system helps in making the entire enrollment process seamless, easy and quick as it minimizes the use of filling duplicate information in a number of forms that need to be filled. All data is efficiently fetched from the employees’ eligibility files and synced where and when required.
Stay Compliant & Avoid Penalties
Benefits are generally connected to various compliance mandates and important dates, which are a must to be taken care of in order to avoid heavy penalties. An upgradeable online enrollment system helps in keeping you updated and compliant with all the latest rules and regulations enforced by ACA, HIPAA, etc.
Effective EDI Solutions For Seamless Data Transfer
EDI tool provided with a benefits solution simplifies mapping of HIPAA compliant segments and enables users to upload/sync complete enrollment data in any available format, once the employee submits his/her enrollment. The same data can also be easily imported back into the claim, payroll or carrier system.
Conclusion
TeemWurk is one such fully-automated online benefits enrollment tool offering a wide range of options that can be tailored to fit all individual specific needs for open, life event, new hire, and special (individual) enrollments. It helps both employers and employees go through the open enrollment season with utmost ease, complying with all the mandates and make the most and best out of it. So, don’t wait anymore and upgrade your manual enrollment system to a fully automated online system.
