Managing open enrollment can be a complex task for HR, but with MyEnroll360's Benefit Statement module, the process becomes a whole lot easier. This dynamic tool streamlines the monitoring of plan enrollment, providing real-time summaries that keep you in control.
Comprehensive Plan Enrollment Monitoring
The Benefit Statement module within MyEnroll360 is a versatile solution designed to meet your open enrollment monitoring needs. Here's what it offers:
- Historical Insights: Access statements for each plan year, including data for both active and inactive employees. It doesn't stop there; it also covers current and former COBRA continuants, ensuring a comprehensive overview.
- Real-Time Data: Benefit statements provide up-to-the-minute summaries of your employees' current plan enrollment status. This means you're always in the know, and decisions can be based on the latest data.
- Versatility: MyEnroll360 offers different types of statements, each tailored to provide specific plan enrollment information. Whether you need a broad overview or a deep dive into specific details, this module has you covered.
Post-Open Enrollment Peace of Mind
With open enrollment season coming to a close, HR professionals often find themselves juggling multiple tasks. Directing employees to check their benefit statements post-enrollment is a simple yet effective strategy to ensure open enrollment went as planned and to avoid future misunderstanding. These statements act as confirmations of plan elections for the upcoming year, adding a layer of transparency to the process.
In a nutshell, MyEnroll360's Benefit Statement module is your trusted companion for efficient and accurate plan enrollment monitoring. It simplifies the complexities of tracking employee benefits and ensures that you're well-prepared for pre- and post- open enrollment.
For more information about how the Benefit Statement module can enhance your HR processes, don't hesitate to reach out to your account manager or contact us at solutions@BASusa.com.
Benefit Allocation Systems (BAS) provides best-in-class, online solutions for: Employee Benefits Enrollment; COBRA; Flexible Spending Accounts (FSAs); Health Reimbursement Accounts (HRAs); Leave of Absence Premium Billing (LOA); Affordable Care Act Record Keeping, Compliance & IRS Reporting (ACA); Group Insurance Premium Billing; Property & Casualty Premium Billing; and Payroll Integration.
MyEnroll360 can Integrate with any insurance carrier for enrollment eligibility management (e.g., Blue Cross, Blue Shield, Aetna, United Health Care, Kaiser, CIGNA and many others), and integrate with any payroll system for enrollment deduction management (e.g., Workday, ADP, Paylocity, PayCor, UKG, and many others).
