BenefitWerks

BenefitWerks is an HR software solution designed to streamline benefits enrollment, reduce administrative costs, and manage HR data accurately and securely. According to the vendor, BenefitWerks caters to companies of all sizes, from small businesses to large enterprises. This versatile software is utilized by various professionals and industries, including Human Resources professionals, Benefits Administrators, Brokers and Plan Administrators, Insurance Carriers, and Payroll Companies.

Key Features

Benefits Enrollment Software for HR Administration: According to the vendor, BenefitWerks aims to reduce costs and workload associated with benefits enrollment and administration. It automates benefits enrollment and administration processes, potentially eliminating the need for costly forms and materials.

Employee Benefits Administration: The vendor claims that BenefitWerks automates labor-intensive and time-consuming aspects of benefits administration, potentially improving HIPAA compliance. It offers video presentations throughout the enrollment process to enhance employee understanding.

COBRA Administration: BenefitWerks handles the details and ongoing tasks associated with COBRA administration, according to the vendor. It issues notification letters, critical forms, and reminders to ensure compliance with COBRA regulations. The software aims to streamline COBRA administration processes.

Business Process Outsourcing: BenefitWerks aims to improve the accuracy and integrity of HR data by securely transmitting it to insurance carriers and key vendors, according to the vendor. It offers bi-directional integration with back-end systems to enhance benefits administration and compliance.

Affordable Care Act (ACA) Reporting: According to the vendor, BenefitWerks simplifies ACA reporting and filing processes, ensuring compliance with ACA regulations. It tracks part-time and variable hours employees for ACA reporting and provides reports and tracking tools for ACA compliance.

Compensation Statements: BenefitWerks aims to help communicate the value of benefits and compensation packages by creating clear and accurate total compensation statements. According to the vendor, this feature can improve employee understanding and appreciation of their benefits and compensation.

Compliance: According to the vendor, BenefitWerks ensures compliance with HIPAA, ERISA, ACA, and COBRA regulations. It conducts annual internal HIPAA training and audits, securely sends and receives employee and dependent data, and manages required company and employee documents.

Partner Connections: BenefitWerks offers a scalable and customizable benefits experience, according to the vendor. It enables data integration with Carriers, TPAs, and Payroll companies, potentially saving time and resources with Electronic Data Interchange (EDI).

How To Enroll: According to the vendor, users can easily enroll in BenefitWerks by logging in with their unique login information. They can then complete the available plans page by page and review their elections before submitting their enrollment.