|
|
Advanced Benefits - Reporting
|
Advanced Benefits (ABC) contains over 20 standard reports, forms, and
listings. Each has been
designed to quickly provide visibility and control for a single
benefit or all benefits on-file. The HRtrax ABC module keeps a detailed
point-in-time record of each employee and dependent enrollment, premium
cost and change, plus withdrawals and waivers. This level of detail
provides the information needed when generating output such as: this months
Carrier self-bill, or even a self-bill or billing reconciliation report
for three months ago, or any user defined billing period.
|
Benefit Forms
|
In addition to the standard ABC reports, the system provides a
means for generating flexible forms such as; Employee Benefit
Enrollment Workbooks, Benefit Confirmation Letters, Certificates of
Health Benefit Coverage, etc..
Employee Benefit Enrollment Workbooks:
These Workbooks are tailored specifically to each employee and are a
great tool for new employees becoming eligible for benefits.
Enrollment Workbooks can also be produced during open enrollment,
showing each employee's present enrolled plans plus all other
eligible benefit plan choices along with any associated benefit
costs.
Benefit Confirmation Letters:
Confirmation Letters can be automatically generated once an employee
is enrolled in one or more benefits. This letter contains text
that you compose plus a listing of all the employee's enrolled
benefits. You can optionally instruct the system to include
employee and employer contribution amounts for each benefit.
This Benefit Confirmation Letter is a very quick and powerful way of
communicating how much your organization contributes towards each
employees benefit package.
Certificates of Health Benefit Coverage:
Coverage Certificates can easily be generated for those employees who
change health insurance plans and need continuous coverage without
having to satisfy another benefit waiting period. Generating
these certificates requires little effort on the part of the user,
simply enter the employee id, benefit code, preparation information,
and print the certificate. Name and address information are
conveniently positioned on each certificate so that a standard
windowed envelope can be used for delivery.
|
Enrollment Reports
|
|
Our standard benefit enrollment and/or activity reports show
enrollments by plan, employee, or even organizational level.
You can choose to include employees only or list employees and their
dependents. Additional options allow you to select and specify
enrollment dates and type of activity. Age-based benefit
reports show detail enrollments plus provide a summary listing by
age tier showing total plan participation and total plan coverage
amounts. You may also produce monthly carrier self-bills,
and/or billing reconciliation listings for any current or prior
billing period.
|
Exception Listings
|
|
Another must-have feature provided by HRtrax’s ABC module is the
ability to quickly and automatically identify exceptions to the
rules. Benefit rules are on-file for each benefit and include
rules of eligibility for both employee and dependents, rules for how
much the employee and employer contributes towards the cost of each
benefit, plus rules for COBRA eligibility and participation.
Reporting exceptions to these rules, tracking the circumstances
that created the exception, and when necessary correcting exceptions
is quick and easy with our exception listings. Use these
listings to gain confidence that each benefit
plan is being administered accurately and that you are only paying
for benefits that are valid. Impress your CFO by showing her/him how
quickly you can reassure them that Carrier/Provider invoices are
being paid properly and only include eligible employees and eligible
dependents.
|
More Reports ...
|
|
In addition to benefit forms, enrollment reports, and exception
listings, there are a number of other helpful reports within the ABC
module. These additional reports can help you quickly identify
when an employee is active in a benefit, but their eligible
dependents are not enrolled. Look ahead and report all active
dependents that will age-out of a plan because they are beyond the
coverage age or will need to receive a full-time-student status.
Report any payroll deduction discrepancy where the benefit plan says
each enrolled employee should contribute a portion of the premium
costs, however they are either not paying at all, or are paying more
or less than the plan deduction amount. And yes, within this
ABC module you can even setup and track 401(k), 403(b) and Section
125 plans.
|
|
|
|