Benefit enrollment processing
Whether you are mailing or faxing employee benefit enrollments or keying the data to carriers' Web sites, that's a lot of time to tie up on a non-value-added task. If your company is large or you have high turnover, you can have employees doing nothing but attending to this administrative chore.
If you are already outsourcing benefit enrollment but are receiving frequent calls from employees complaining that the insurance companies don't have them on record, maybe it's time for a change to someone who gets it right.
If your billing reconciliation process is largely manual, you can easily have 2% to 5% of your monthly premiums being paid for people who should no longer be active on your benefits. This premium leakage can add up to tens or hundreds of thousands of dollars over the course of a year!
Our clients have shown that our sophisticated edits and carrier management processes can save tens or even hundreds of thousands of dollars in premium overpayments simply by improving recordkeeping. With this kind of payback, outsourcing to TRI-AD typically pays for itself within a year. Imagine your management's reaction when you report the positive impact on the company's bottom line because of your decision to move to TRI-AD!
With TRI-AD, premium overpayments and time wasted on carrier communication are a thing of the past. TRI-AD tracks and feeds benefit enrollment and change information to dozens of different carriers and those carriers know we get it right. We also provide our clients with one consolidated benefits bill so they can see their entire employee benefits picture at-a-glance. You then transfer the total amount due to us, and we take care of paying the carriers.
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