It is estimated that over $50 billion is spent annually on duplicative paper processes in the administration of group insurance products.
benfitsCONNECT streamlines enrollment processes, enhances benefits management, and improves information sharing among employees, employers, and insurance providers.
How does benfitsCONNECT 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
- Allows documents such as SPDs or benefit overviews, to be uploaded for employees to access any time
How does benfitsCONNECT 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, HREIS, and other corporate accounting and management systems
- Maintains a chronological transaction log vital to the integrity and accountability of any benefits administration system