Employees looking to their employer for insured benefits to
protect their families find that EBS voluntary products meet
a wide variety of their needs. EBS provides top-rated products
for payroll deduction, allowing employers to enhance benefit
portfolios without increasing their costs.
EBS provides superior customer service, expertise, quality products,
enrollment and invoice reconciliation services to make the addition
of voluntary benefits a winning solution for employers, particularly
for groups with greater than 50 employees.
Advantages of voluntary plans
- Allows employer to enhance their benefit
portfolio without having to fund the benefit program.
- Employees may choose from a menu of
benefits at group rates that will meet their individual goals
to protect their income and their families.
- Underwriting qualifications in a group
setting are less restrictive. Qualified issue and guaranteed issue
products are available.
- Employees can enjoy both pre-tax and
post-tax payroll deduction, depending on allowances of various
benefits by the IRS.
- Employer sponsored voluntary benefits
have the added advantage of group rates and relaxed underwriting
not available on an individual basis.
- Payroll deduction allows for a higher
level of participation from the group and greater satisfaction
on an individual level.
- Many voluntary benefits can be continued
after separation from the company on an individual basis without
negative consequences.
- Many employers are concerned about
creating additional workload when adding Voluntary Benefits.
EBS handles all enrollment data transfer to payroll and carriers,
pays invoices and provides participant and client support,
virtually eliminating any additional work on the part of the
employer.
Most popular voluntary payroll deduct benefits
- Universal Life Insurance
- Short Term Disability
- Cancer Insurance
- Heart and Stroke Insurance
- Long Term Care Insurance
- Legal Programs
- Pet Insurance
- Auto and Homeowners Insurance
- Accident Insurance
- Establish timing and benefits to be communicated
- Order printed materials from carriers
- Set schedules and make travel arrangements
for on-site enrollments
- Train licensed enrollment staff on
benefits to be enrolled and carrier requirements
- Prepare test data exchanges for demographics,
eligibility, benefits and rates, and subsequent enrollment
file to payroll, benefit and carrier systems
- Preload benefits and rate information
into laptops for on-site or on-line enrollments or prepare
paper applications for manual enrollment (without laptop)
- Communicate benefits to eligible participants through elected enrollment method
- Collect and upload benefit enrollment
information for both pre-tax and post-tax
- Employer contributions
- Employee contributions
- Receive and process election terminations
and changes during enrollment period
- Review enrollment data and paper applications
for accuracy
- Communicate collected enrollment information
to payroll, benefits and/or carriers, as agreed
- Process paper and electronic applications
and provide to carrier
- Communicate any enrollment or application
adjustments to employer and carriers, as needed
- Toll-free live customer call center support
- Customer service available via e-mail
- Dedicated enrollment manager at client level
- Dedicated carrier liaison at EBS for
application and premium processing
- Update plan design
- Update benefit rates, as needed
- Establish timing and benefits to be communicated
- Order printed materials, as needed
- Provide enrollment services as outlined
above
- Custom or divisional reports
- Custom programming or data mapping
- Custom enrollment confirmation communications
- On-going benefits eligibility tracking (EBS becomes system of record)
- On-going invoice reconciliation support
for all benefit invoices
- On-going invoice payment consolidation
support for all benefit invoices
- On-going new hire and status change
enrollment support
|
