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5 Reasons Why Employers/Brokers Like Benefit Enrollment Systems
As an insurance broker, benefit enrollment systems help to remove the chaos surrounding the Benefits Open Enrollment season.
Here are five reasons why Benefit Enrollment systems help everyone:
1. Streamlined Process: Benefit enrollment systems streamline the enrollment process, making it easier for employees to navigate through their various options. When done properly, Open Enrollments go smoother, people have fewer questions and “due dates” are more easily met. This takes the pressure of the season off of everyone.
2. Centralized Data: These systems centralize data, making it easier to access and update information. This ensures that Brokers and Employers have accurate and up-to-date information when they need it. When going out to market for a line of insurance, we don’t have to ask the client for enrollment or census information.
3. Customizable Options: Benefit enrollment systems offer customizable options, allowing us to tailor the insurance plans to meet the employer/employee’s specific needs and preferences.
4. Enhanced Communication: These systems facilitate better communication to the employees. It helps them understand what the insurance coverage does, how it does it and what the costs are. Videos, PowerPoints and insurance company materials can be incorporated into the enrollment system.
5. Increased Efficiency: As technology advances in the insurance industry, more insurance companies are no longer accepting paper applications and also not allowing agents access to the employer's web portal. It won’t be too long before electronic application submissions will be required.
Overall, benefit enrollment systems are a great tool for companies looking to streamline their open enrollment, enhance employee communications, and improve overall efficiency.
About The Author —
Tim Pachowitz helps businesses build, communicate and implement employee benefit plans. As an Account Executive at Benefits, Inc. engineering a planned strategy from start to finish is the most rewarding part of the role. Outside the office, Tim enjoys the outdoors fishing, hiking, and making maple syrup. Most of all, he enjoys time outdoors with his 6 grandsons (no granddaughters yet).