What are
Enrollment Companies
(Role of Employee Benefit Enrollment Companies)
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Enrollment Companies assist Insurance Carriers - Brokers, Agents & Consultants - Employers & Employees with the simple-to-complex process of Benefits Enrollment, Education, Communication, and Data Management. This process is integral to assuring that Employees fully understand and best utilize the Employer's Benefit Plan and their “Choices”. Enrollment Companies are local, regional, and national in their reach.
The Education and Communication process prior to the Enrollment empowers the Employees with the information needed to gain a "Measurable Return on the Dollars" Invested in Benefits. Data Management is essential for integrating the Benefit Plans and Services while expediting the HR functions and claims processing.
The Goal of Enrollments is to:
1) Educate and Inform the Employees
2) Reduce Employee Turnover
3) Improve Employee Morale and Productivity
4) Educate Employees about their total Compensation Package
5) Reduce the Company's Costs
6) Adhere to the IRS Rules while providing Employees a basic
understanding of Pre-Taxation Options
7) Capture Applications, Waiver Forms, and other important
Documents
8) Audit the Employee's Elections and Provide Benefit
Statements
9) Disseminate the the data among Carriers, Plans and Services
The Enrollment Companies may offer one or more of the following methodologies for the enrollment. These choices can be integrated to meet specific situations and needs. These include:
1) One-on-One (Person-to-Person)
2) Group Meetings & Opt. In-or-out (Spreadsheet)
3) Software Based
4) Internet Based (Web)
5) Call Center
6) Avatar Based
7) Integration of two or more of the above
Employers, working with their Brokers and Carriers, should determine the Enrollment Process that best meets the needs of their Organizations and Employees. At that time they should select the "Best-of-Class" Enrollment Company to meet the needs of all parties. Click on the Link for Enrollment Companies in the left column to access Listings of Companies!
For More Information and to Order the Package to Drive Your Sales
Call Phil - 216.577.5579