Online enrollment, management system offers multiple efficiencies
It is estimated that over $50 billion is spent annually on duplicative paper processes in the administration of group insurance products.
United Benefit Advisors' (UBA) unique partnership with benefitsCONNECTSM offers a web-based employee benefits enrollment and management system, which can reduce administrative time and costs.
Demo available at: http://www.benefitsconnect.net/uba
Username: uba
Password: benefits
benefitsCONNECTSM streamlines enrollment processes, enhances benefits management, and improves information sharing among employees, employers, and insurance providers.
How does benefitsCONNECTSM streamline the enrollment process?
- Enables efficient data sharing and transferring of benefits information to any third party who can accept electronic files
- Produces enrollment forms populated with information entered online by the employees for vendors who require forms
- Produces online employee benefit statements
- Allows documents, such as SPDs or benefit overviews, to be uploaded for employees to access any time
- Includes a modeling component to calculate benefit costs during the enrollment process
How does benefitsCONNECTSM enhance benefits management?
- Leverages the use of information collected for management reporting purposes. Information can be downloaded into Microsoft Excel or Access to further customize reports
- Integrates benefit election data with existing internal systems, such as payroll, HRIS, and other corporate accounting and management systems
- Produces vendor billing information
- Maintains a chronological transaction log vital to the integrity and accountability of any benefits administration system
- Increases accuracy and efficiency by collecting all required employee information the first time