Benefits Administration
We at HRSB offer benefits administration because we understand how difficult it can be to keep up with the ever-changing regulations & requirements. There is a certain amount of liability that employers take on when dealing with benefits administration. If notifications and actions on the employers' part are not compliant, time and money are at risk.
With the passage of PPACA, the already difficult job of administering employee benefit programs will increase in size and complexity. Many employers are looking for alternatives to assist them with benefits administration. We can provide both comprehensive administrative services along with an ala carte approach. We focus on 5 key areas:
Benefits Eligibility
We provide eligibility administration including determining effective date, maintaining eligibility, administering benefit plans in specific geographic areas, and ensuring over-age and other dependents are notified as appropriate when coverage ends. We also adjust and reconcile monthly premium billings along with providing eligibility updates to insurance carriers on a monthly basis. This encompasses new hires, terminated employees, and those employees with a change of status.
Consolidated Billing Statements
We provide consolidated employer group billing statements/reports for each employer group, subgroup, division orlocation. We can either remit premium payment to carriers monthly on behalf of the employer after an ACH transfer of funds, or the employer can send payment directly to carriers. We will provide premium calculations for medical, dental, vision, life, LTD, STD, AD&D and other employee benefit programs offered by the employer.
Administrative Support Services
We provide full-service enrollment services to new hires including education on benefit plans offered by the employer and assistance in enrolling in the different plan options. Further, we provide annual re-enrollment for current employees, and we give answers and resolve Explanation of Benefit (EOB) questions employees may have about the specific insurance carriers on an ongoing basis. We handle and resolve billing or eligibility issues with the different carriers. Rest assured that with HRSB, your employees will have a dedicated service representative to assist them with any questions or problems they have regarding their benefit plans or elections.
Administration of COBRA, HIPPA, FSA, HSA and Family Medical Leave
We can provide the preceding services to employers looking to outsource some or all of their compliance responsibilities.
Payroll Vendors and Integration
We have multiple payroll relationships for those employers looking to change vendors. We also have the ability to integrate systems with most of the local and national payroll companies.
At HRSB, we spend time staying on top of the many new changes and requirements around employee benefits and are proud to offer benefits administration.
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