Administering Benefits Features and Functions
Benefits are generally handled by a third-party insurance firm (e.g., Cobra). The benefits administration functionality provides administrators the ability to manage employee benefits through the use of a third-parties' software or system. Benefits administration includes accessing and imputing new employee records, changing an existing employees' record, as well as cancelling a terminated employees' benefit profile.
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- Flexible benefits program, including adherence to US 415(c) section 125
- Defines and maintains general credits and plan-based credits
- Defines employee program participation eligibility rules
- Specification of health plan criteria using postal or zip code ranges
- Creates customizable employee enrollment forms and confirmation statements
- Multiple benefit options such as health, life, disability, retirement plans, accidental death and dismemberment, gifts, and awards
- Include information on participants and dependents for plans and benefits
- Tracks and calculates employee pledges for health care and dependent care FSA claims
- Tracks employee eligibility for benefits
- Benefits data maintenance (enrollment and modification) decentralized to the employee level through the use of internet or internal mail capabilities
- Maintain benefit coverage for employees on leave, for example, maternity leave
- Maintain benefit coverage for employees on leave and when the employee elects to pay for his or her own coverage
- Maintain benefits for multiple companies (unlimited)
- Provides option for employer to self-bill for medical, dental, vision and life insurance
- Centralized claims database
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Benefits Features and Functions
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