Most health and life insurance companies have some sort of online portal for employees to look at their benefits, for HR to add and remove employees, and for both parties to see how much these benefits cost. These are great until you have multiple carriers you have to login to, then it can get quite confusing and cumbersome. With an enrollment platform, you can not only manage all benefits in one place but you can manage employees, PTO, assets, and much more.
Enrollment platforms like the one our team uses use API (application programming interface) technology to import data from different carrier sites into one easy source. It is much like how Trivago pulls information from different travel sites, and Realtor.com pulls information from different realtor sites. This software makes managing data much more streamlined. HR no longer has to go on three different carrier sites to terminate an employee, they can do it once through the enrollment platform and be done. When HR has to juggle too many different sites to put the same information in, this may lead to errors. Maybe the employee had vision with VSP and HR only terminated them on the major medical and dental with BCBS. This applies to adding employee coverage as well. It can be a lot to add the same employee’s name, address, and dependents multiple times. Since we know HR has a lot on their plates, having something that can automate this process can relieve a lot of these repetitive tasks.
A good enrollment platform can also help out with payroll processes. Whether you do payroll yourself or have a payroll system, having an enrollment platform with all data in one place significantly improves payroll processing experience. If you have a payroll system like ADP or Paycor, enrollment platforms like ours will integrate directly into them. This means when employees make their elections, our platform will send that deduction information directly to the payroll system, no separate entry required. This will lessen the amount of duel or incorrect entries that may occur when doing by hand. Plus, it is all automatic so HR can focus on other important matters. If you do not have a payroll system you work with, you can easily download a deduction report that pulls all the different carrier deductions into one place. You can look at this deduction report by carrier as well to compare to invoices. Payroll system or not, having this software dramatically reduces common frustrations when reconciling payroll.
EMPLOYEE AND COMPANY MANAGEMENT
Enrollment platforms like the one Red Mountain uses are made for so much more than benefit administration. You can also manage PTO, assets, employee profiles, live events, company censuses, and ACA as well. While many companies already pay for some sort of software that does this, we offer it to our clients at no additional cost. Enrollment platforms eliminate other software overhead costs and saves the company money while consolidating data sources into one platform.
HOW DO I GET THIS?
The Red Mountain Benefits Group team believes that benefits administration and HR management should be made more simple for our clients. RMBG is excited to offer this platform at no cost to our clients. All we ask is that we get the chance to quote out your company’s plans with our top selected carriers. The RMBG has been able to save our clients an average of 20% on common lines such as…
We also offer the following other lines:
Allow the Red Mountain team to move mountains for your benefit while gaining this new powerful technology at no cost! Email or call us today!