Talking About Financial Matters That Affect You and Your Organization
Digital Benefits – Benefits HQ
Dec 19th, 2019
ever-growing list of compliance regulations for employee benefits, keeping up
with the workload can seem almost impossible. The larger an organization
becomes, the greater the complexity due to staffing changes and coverage
customizations. For the most part,
insurers and providers have downloaded all the record-keeping duties to the plan
administrator. Does your organization
have the extra resources to source the right forms for the right providers and
chase for execution?
With the growing popularity of online and self-serve functionality, the time has come to introduce this for employee benefit administration. Benefits technology tools help focus more time on core HR activities that directly relate to the success of your company. This technology also improves member engagement by increasing their accountability to ensure their information is up-to-date.
Functionality like managing eligibility for coverage, prompting medical underwriting paperwork where required, updated dependent information, banking, and virtually seamless transfer of providers are significant advantages of benefits technology.
Selectpath’s investment in Benefits HQ powered by Collage will put the tools in your toolbox to better manage your benefits. Whether you have one provider or a dozen, one central repository of your benefits administration which remains uniform regardless of the insurer/provider you choose will help reduce risk and improve efficiency.
Reach out to your advisor or client care team member to learn more about how you can get the power of Benefits HQ working for you.