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10 Best Benefits Administration Software in 2023

HR Lineup

This software is a comprehensive platform that allows HR professionals, benefits managers, and employees to efficiently manage, access, and make decisions regarding benefits such as health insurance, retirement plans, leave policies, and more. Top 10 Benefits Administration Software of 2023 1.

Software 246
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Voluntary Benefits Improve Employee Satisfaction and Retention

InterWest Insurance Services

How voluntary benefits work Voluntary benefits are arranged by employers but either paid for by staff via payroll deduction or by the employers themselves. The employer deducts any fees or premiums for these benefits from employee paychecks and forwards them in a single batch to the benefit vendors.

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Look Before You Leap: Payroll-Ben Admin Tech API Considerations

HR Professionals Magazine

Many employers’ tech stacks consist of disparate systems for payroll/HRIS and benefits administration (ben admin). However, because of the relative novelty of APIs between ben admin and payroll providers there is no established standard yet. If so, consider how this might impact the enrollment window you allow for your employees.

Payroll 52
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How Much “Tech” is Your Ben Admin Technology Solution Really Using?

HR Professionals Magazine

By Kisha Moliere It is common to think of benefits administration technology (ben admin) platforms as a tool that only facilitates employee benefits enrollment and transfers benefits eligibility data between carrier and payroll systems. Below are a few examples. Be mindful that not all decision support tools are created equal.

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Worksite benefits: Hospital indemnity insurance and beyond

Higginbotham

And, for most hospital indemnity plans, there are no deductibles, provider networks or other complications to worry about. Your employees may use their hospital indemnity insurance benefits to cover deductibles, copays, out-of-network costs and other expenses associated with a hospital stay. However, education is key.

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Compliance checklist for HR professionals for year-end and beyond

PeopleStrategy

Assessing open enrollment and employees’ overall involvement in benefit offerings should be a big part of any year-end HR checklist. Obviously you and the providers you select for your benefit offerings need to know how many employees enroll in each plan. Payroll compliance checks.

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What Is Group Insurance Coverage and How Does It Work?

Fringe Benefit Analysts

Some companies may contribute more, lowering the cost for their employees, while others may not be able to put as much toward the premium, requiring that employees pay more. In order to qualify for group health insurance, an employee must be on a participating employer’s payroll. How To Enroll.