- Human Resources
- Employee Management
- Insurance & Benefits
Benefits administration involves creating and updating employee benefits, such as managing plans for medical, life, and dental insurance, vacation days, holiday pay, and retirement plans.
Benefits administration can be a complex and time-consuming process, both during open enrollment and throughout the year. Therefore, a rules-based system can help eliminate benefits errors and confusion if employees are allowed to select benefit plans that meet your specifications. Once a plan is selected, the rules would control which other plans are hidden to prevent erroneous selection. If an employee chooses to waive a plan, they will be automatically prompted to select a waived reason from a pop-up box for desired plans. This helps to ensure organizational compliance of labor laws — such as the Affordable Care Act — and mitigates the risk of incurring penalties and fines.
Customizable self-service tools empower employees to select benefit plans and make changes on their own — which helps increase engagement and reduce your administrative workload.
Benefits administration software features should include:
Key benefits of benefits administration software include:
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