Even the best HR teams struggle to manage complicated, multi-location companies, with multi-benefit structures. However, with a benefit management panel, an experienced insurance broker can simplify HR for your big business or growing company.

By getting HR Online, your business can increase savings, administrative efficiency, and employee engagement, while trimming or even eliminating its HR department. To learn more about benefit management panels, read on.

What is a Benefit Management Panel?

Your HR staff handles paperwork, invoices, administrative tasks, data dissemination, compliance in different locations, and plenty of communication and document delivery. All of it is time-consuming and can be very complicated in a big business.

A benefit management panel puts these complicated, time-consuming tasks online and automates them. It puts HR at the fingertips of every employee, whether at home, in the office, or on the road.

Why Put HR Online with a Benefit Management Panel?

By automating compliance, new hire tracking, administrative task execution, invoice creation and reconciliation, a benefit management panel reduces bottlenecks and speeds delivery. A well-designed system digitizes paperwork from the beginning. Take a look at the features for getting benefits information and documents to the right people, at the right time:

• Single, secure portal for intuitive self-service 24/7, from anywhere in the world

• Automated custom periodic and ad hoc reporting

• Hands-on decision-making and benefits management for employees:

  • Enrollment

  • Change of life events

  • Beneficiary designation

• Paperless - eliminates bulky or missing:

  • Documents

  • Forms

  • Procedures and protocols

  • Memos, notifications, requests, and announcements

  • Manuals and handbooks

• Cost savings:

  • Minimizes HR staffing

  • Eliminates lost documents, late paperwork, and inefficient processes

• Individualized HR support and attention with seamless connectivity

  • Employees

  • Employers

  • Carriers

  • Payroll vendors

• Employee hire/termination administration

  • Eligibility tracking, including coverage termination and reinstatement

  • HR tracking reports and demographics

• Individualized HR notifications:

  • Welcome for newcomers

  • Benefits enrollment instructions

  • Reminders

  • Plan features and costs

  • Compliance notices

  • Carrier enrollment changes and issues

• Invoice auditing/system reconciliation:

  • Benefit/cost allocations per carrier

  • Billing and collection

  • Premium remittance

  • Retro credits

  • Carrier coordination and discrepancy amendment

• Payroll System (vendor) Data Exchange

  • Deductions

  • Imputed income

  • ACA

    • Initial, standard and monthly

    • Pre- and post-payroll tracking, calculation, and reporting

• Look back communication

• PCORI

• Transitional insurance fees

• Subsidiary allocations

• Forms 1094-C and 1095-C

  • Eligibility and enrollment data compilation

  • Form preparation

  • E-files to IRS

Benefit Management Panel Administration & Support

Online HR administration and support tools can guide your employees through nearly all the tasks traditionally carried out by HR teams. The online benefit management panel teaches your employees to manage their own benefits. That equates to greater staff satisfaction and a more unified work environment.

Online HR Administration

Through online HR administration, supervisors and HR staff minimize time-consuming operations. That saves your business time and money.

Online HR Support

By eliminating bottlenecks that occur when HR staff retire, travel, take leave, or have heavy meeting schedules, employees using an HR online benefit management panel get quick, efficient responses from insurance brokers, vendors, carriers, administrators, supervisors, payroll vendors, and third party administrators. They can get help from any location worldwide, as long as they have a wifi connection.

Supervisors, administrators, and other employees using the HR online benefit management panel get a clear view of individual employee documents: no more digging through file cabinets or waiting outside of someone’s office. By choosing the right insurance broker, your online benefit management experience can include personally dedicated support staff to …

• Answer phone calls

• Offer advice tailored to individual needs

• Provide direct attention to specific issues

• Deliver on-demand reporting

BenefitPlan Manager

BenefitPlan Manager (BPM) service company, since 1992, has offered a proprietary online benefit management system for one-stop corporate benefits administration. Backed by best-in-class customer service, it helps large businesses comply with employee benefits standards through seamless, personalized connectivity:

You can learn more about the advantages of a benefit management panel. Ask a qualified insurance broker how putting HR online can harmonize your benefits management at a huge savings, with better security and fewer bottlenecks and errors.