Group insurance offers many benefits to both employer and employees, managing it may be a bit of a hassle. That being said, a small group benefit administration service may be the solution for employers who don’t want to deal with the hassle involved, but still want to offer all the benefits of small group insurance they possibly can their employees.
In other words, the insurance provider will take care of everything associated with small group insurance process for the employer. Let’s go through the things involved that are taken care of by the insurance benefit administration service.
Sharing the Group Details with the Employees
The basic yet important part of small group insurance process. When the employees aren’t aware of the plan details, or were not able understand what they mean, this may cause them to end up making the wrong decision.
The important details to the employees are much better explain by a group of insurance provider that handles the administration of the plan in a way they could understand. These would also allow employees to make changes to their contract easily if they want, which can otherwise be very confusing for them.
Handling Enrollment and Enrollment Changes
In the event of marriage, divorce, death of dependant, new child, etc many insurance benefit administrators would handle the enrollment process as well as the enrollment changes. Submitting the file electronically by the employee, would be considerably more convenient than submitting them manually through an employer.
Similarly, small group insurance administration would take care of the terminating enrollments, special provisions, as well as answer all the inquiries the employees may have about the plan, benefits or eligibility criteria.
Handling Claims
When it comes to POP the administrator handle the claims directly for your employees. However, if the employee seeks the services of a professional that’s not a part of their network they may not handle it.
Managing Billing
Managing billing and payments is a lot easier as well, with the administrator taking care of most of the work.
The insurance provider handling the administration may generate invoices both online and hard copies, and would make them available at different intervals, depending on the plan. Also, if any of the enrollees require special billing arrangements, the provider may help them make it a part of their contract.
Finally, they would also handle the payments by allowing the enrollees to pay using different payment methods as well as setting up automatic payments.
A Final Word
While there’s more to what we discussed above, we wanted to give you an overview of what small group insurance administration means and how it can help you as an employer.
Good benefits administrator would help achieve a higher level of efficiency and a smoother integration between claims management and administration.
