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PlanSource® Benefits Administration
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PlanSource delivers a menu of benefits administration and HR services to , , and employees through an innovative suite of self-service tools and integrated functionality that are accessible online. As a result, brokers can help their clients both reduce costs and lessen administrative burdens.
Our solution also provides for simplified data exchange between key stakeholders in the business process including brokers, payroll systems, health plans, COBRA, FSA, HSA and other insurance providers. At a glance, we deliver the following capabilities to our customers...
Brokers can:
- Generate quotes online for PlanSource's suite of benefit options.
- Set up new clients on the system in minutes.
- Customize the system to reinforce your own brand.
- Manage the benefits administration of your entire customer base through a single system.
- Create business management and statistical reports for analytics and insurance procurement.
- Identify new potential insurance sales opportunities by monitoring new hires, life events, and terminations.
- Post educational content to help employees better understand and appreciate their benefits.
- Reduce the administrative burden for you and your staff so you can concentrate on delivering high-value services and acquiring new customers.
- Access and manage benefits information 24 / 7.
Employees can:
- Enroll and change benefits online, which eliminates the need to complete multiple forms.
- Have elections processed in real-time in accordance with your rules, which increases accuracy.
- Communicate elections electronically to insurance carriers and payroll, which reduces errors and frustrating coverage problems.
- Utilize a web site that is intuitive and easy to use.
- Better understand your benefits and make informed decisions with online benefit communication materials, which reduces the number of calls and questions directed to your human resources department.
- Access and manage benefits information 24 / 7.
HR & Benefits Administrators can:
- Have your system set up and configured in just minutes.
- Maintain all employee data and benefit elections in a single system.
- Keep employees from enrolling in plans they are not eligible for or adding dependents who do not qualify for coverage.
- Save time and reduce errors because you no longer need to handle and chase multiple employee election forms and the rework associated with incomplete forms.
- Spend more time on other items when you no longer have to enter data multiple times into payroll, HRIS, or insurance carrier systems.
- Reduce errors and increase data accuracy.
- Rest assured because the advanced security model ensures only authorized users can access certain employee data and administrative functions.
- Benefit from an Ad Hoc Reporting Tool, which provides the ability to generate custom reports on demand.
- Easily upload employee communication materials to the web site for employees to access and view.
- Upload video feeds to provide a more robust and contemporary employee experience.
- Send messages and announcements to employees and / or strategic partners through the system.
- Receive system-generated notices that inform you of current issues so they can be managed proactively rather than reactively.
- Develop a schedule for managing employee benefits and communications through the Online Events Scheduler.
- Generate Payroll Deduction Reports, which reduces the need to manually input payroll deductions.
- Simplify or eliminate premium reconciliation by generating Consolidated Premium Bills online.
- Enjoy greater accuracy and timeliness because employee elections, changes, and terminations are communicated electronically to the carriers.
- Access and manage benefits information 24 / 7.
PlanSource Advantage is a revolutionary approach to providing affordable employee benefit packages to small- and medium-sized businesses. We offer a national network of medical plans, ancillary benefits, and retirement plan options from a select group of top-tier carriers, administered through PlanSource's state-of-the-art benefits administration technology platform.
By integrating these benefit plan options with the PlanSource technology platform, implementation is a snap. Employee enrollment, administration, and premium billing are all handled online through a single site. No more paper forms, confusing rules or multiple web sites. PlanSource Advantage is easy and accurate.
For the first time, small- and medium-sized businesses can offer benefits packages similar to those only offered by larger employers at less cost and without the administrative headaches.
PlanSource Advantage is easy, accurate, and cutting edge. To learn more about PlanSource Advantage and our exceptional partners, click here.
What is the PlanSource... Advantage?
For :
- A technology solution that differentiates you in the market, reduces your clients' costs, and can be deployed for little or no cost
- A benefits administration platform that is easy to install and use
- A comprehensive package of benefit offerings connected through a state-of-the-art administration platform
- A solution that will increase your sales and retain your customers
For Employers
- A comprehensive, yet affordable benefits program that is easy to implement and manage
- A self-service web portal that offers employees 24 / 7 access, which reduces paper handling and calls to your human resources department
- Increased accuracy and improved efficiency through automated employee transactions and connection directly to insurance carriers
Tired of benefits administration solutions that are complicated and expensive to set up and use? PlanSource Advantage eliminates those concerns by...
- Partnering with a select group of top-tier carriers
- Embedding these carriers' plan options on our platform so you don't have to do it for each employer
- Electronically connecting directly to our carrier partners to ensure the seamless transfer of accurate eligibility data
- Leveraging a web-based self-billing tool to simplify the billing process and eliminate the possibility of incorrect payments
PayAdvantage HR combines our payroll and benefits administration solutions to allow medium-sized employers to pass payroll and benefits data back and forth in real time. In other words, when you sign up for PayAdvantage HR, employee information – such as enrollment, hiring, and termination processing – no longer needs to be entered in multiple systems. It is entered once and automatically updated in both systems. This highly sophisticated, best-in-breed integration results in more accurate HR planning, reporting, and projections for , which saves you time and money.
Payroll Services Ensuring your employees are paid on time and accurately is an absolute must in today's environment. With our integrated HRMS and payroll web-based technology, you can achieve both and significantly streamline and simplify the payroll process and all related payroll activities. Your employees will also immediately experience the benefits of the our HRMS / payroll platform by having real-time access to their employee data and historical pay information. Our all-inclusive payroll services include:
- Employee Portal and Self Service
- Online Payroll Processing
- Payroll Tax Filing
- Employee Data Management
- Check and DDA Distribution
- Payroll Checks, Vouchers, and Online Pay Statements
- Garnishment Processing
- Online Resources
- A Knowledgeable and Easily Accessible Payroll Service Team
Additionally, we recognize and appreciate the inter-connectivity that exists between HR, payroll, and benefits. Our web-based technology integrates all aspects of HR, benefits, payroll, and workforce management into one platform, eliminating the redundant entering of information and improving accuracy. At the same time, you can track, report, and use the precise business intelligence needed for proactive decision making, allowing you to focus on business results, not cumbersome administration.
Benefits Administration To manage these benefits, we use our proprietary, web-based, user-friendly PlanSource Benefits Administration software. This leading-edge technology allows you to offer competitive benefits through a software platform that is user friendly for you as the broker, as well as employers, employees, and insurance carriers. This unique technology platform is accessible 24 / 7 / 365 and is an easily implemented, practical, and cost-effective solution for your business. A few of the services offered with our benefits administration services include:
- Employee Enrollment
- Life Event Changes
- Eligibility Data Management
- Premium Administration
- Flexible Spending Account (FSA) and COBRA Administration
PlanSource HR is a robust, cost-effective benefits publishing tool designed to equip with the latest Internet-based content publishing technology so that they can communicate comprehensive HR information, summary plan comparisons, carrier links, FAQs, and life-event information to their clients' human resources departments and employees through a client-specific, branded benefits portal.
PlanSource HR is accessible via the Internet from work or home, day or night – empowering brokers with a more efficient way to communicate with your clients including:
Paperless Agency Information Management System As a , you can create, store, manage, and retrieve all of your benefits-related documents and client communications in a personalized, secure online master library. The library stores benefit plan summaries, web links, contact lists, forms, and other documents for quick and easy deployment to communicate with a single client or across a book of business.
Customized Online Benefit Communications Portal Within a few minutes, you can create employee self-service web sites containing customized benefit communications, including clients' logos, select documents from the online library, unique text, web links, and graphics. While the need for some printed materials, phone calls, faxes, and face-to-face meetings will never be completely eliminated, you can significantly reduce inefficiencies and hassles by making PlanSource HR the foundation of your benefits communication strategy.
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