Category: Feature

Congratulations! Your client completed open enrollment, and you’ve successfully onboarded the plan, including new coverages for the plan year. If you’re like most organizations these days, you’ve used the convenience of an automated enrollment platform. But before you break out the champagne to celebrate the “completion” of onboarding, take a minute to consider: How prepared is your premium billing process to handle all the benefits for all eligible employees? Do your premium billing capabilities offer the equivalent automation ease and security that you enjoy with your automated enrollment system?

One of the many effects of COVID-19, and the resulting work-from-home environment, is the mass migration to digital tools. Depending on spreadsheets to manage premium billing is no longer a viable option. Billing is a mission critical workflow—the strategic bridge between enrollment and benefit administration and the carrier for the full portfolio of benefits including healthcare, insurance, and voluntary benefits.

As we approach the new year 2021, we eagerly look toward getting past that devastating intruder, COVID-19. The ongoing pandemic, along with the continued rapid growth of voluntary benefits, presents unique challenges for HR departments, brokers, and consultants.

Over the last few years, there has been tremendous growth in the diversification of employee benefit plans, including healthcare and voluntary benefits, within companies of all sizes. While this brings significant advantages to meet retention and recruitment objectives, all the different plan options and coverages, coupled with the number of contributing carriers to complete the process, often create billing and reconciliation administrative challenges for benefits administrators and human resources alike. Enter AdminaHealth.