Online Plan Management and Benefit Enrollment

By: The Bagnall Company  09-12-2011
Keywords: Employee Benefit

Experience the savings of the bagnall company’s paperless enrollment and benefits management technology

It is estimated that over $50 billion is spent annually on duplicative paper processes in administering employee benefit plans.

the bagnall company offers a web-based employee benefits enrollment and management system which will reduce administrative time and costs.

The online system offers multiple efficiencies

Our process streamlines benefits enrollment, enhances benefits management, and improves information sharing among employees, employers, and insurance providers.

How do we streamline the enrollment process? Our program……

  • Enables efficient data sharing and transferring of benefits information to any third party who will accept electronic files
  • Produces enrollment forms pre-populated with information contained in the system (for vendors who require forms)
  • Produces online employee benefit statements (The “Hidden Paycheck”)
  • Allows documents (such as SPD’s or benefit overviews) to be viewed during the enrollment process
  • Includes a modeling component to calculate benefit costs during the enrollment process
  • Tracks Evidence of Insurability processes

How do our online processes enhance benefits management? Our program:

  • Leverages the use of information collected for management reporting purposes. Information can be downloaded into Microsoft Excel or Access
  • Integrates benefit election data with existing internal systems, such as payroll, HRIS, and other corporate accounting and management systems
  • Produces vendor billing information
  • Maintains a chronological transaction log vital to the integrity and accountability of any benefits administration system
  • Increases accuracy and efficiency by collecting all required employee information the first time

Employee Benefit Websites

Statistics show that most employees don’t know the basics of their benefits until they need them.  Our employee benefit websites are customized specifically for your organization’s benefit programs.  Your employees have 24/7 access to your custom site that houses: benefit summaries, SPD’s, claim forms, provider search engine links, educational videos, and much more.

The information in this article was current at 06 Dec 2011

Keywords: Employee Benefit

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