Automated Payroll Deduction Processing
The proliferation of technology in the workplace created a perfect opportunity to simplify benefit plan administration. We developed an electronic platform to manage eligibility, payroll deductions and billing according o our client's payroll schedule. The platform allows administration of our benefit programs to occur on a weekly, bi-weekly and semi-monthly basis. By operating the plans in this manner we are able to eliminate the hassles typicallys associated with monthly bill reconciliation and manual deduction processing.
Consolidating multiple products into one easy to reconcile bill allows the client to offer a variety of benefit plans without creating additional strain on their administration staff. This single bill reflects the premium due for all employee benefits and manages eligibility for each program elected. Offering multiple products through a consolidated bill enables clients to construct a benefit package to meet their employees' needs.
We manage all aspects of COBRA administration on behalf of our clients. We notify eligible individuals of their COBRA rights, then, upon election, pefrom billing, premium collection and administration thus removing the client from the entire transaction.