Benefits Administration Software
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Rippling gives businesses one place to run HR, IT, and Finance. It brings together all of the workforce systems that are normally scattered across a company, like payroll, expenses, benefits, and computers. This enables users to manage and automate every part of the employee lifecycle…
ADP Workforce Now is a cloud-based HR platform for mid-sized businesses. It features customizable modules of various HR services that businesses can tailor to their specific needs, as well as regulatory monitoring and alerts to help businesses remain compliant.
OnPay's payroll and HR is designed for people who want to spend more time running their business, and less on back-office tasks. The application aims to enable users to:• Run payroll• Automate taxes• Let employees do more themselves• Simplify HR processes• Offer benefits in any state…
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Sagitec Solutions headquartered in Little Canada offers Neosurance, a browser-based unemployment insurance and benefits administration application designed to meet most state business requirements, available with rapid deployment and no coding.
Sagitec Solutions, headquartered in Little Canada, offers Neospin, a browser-based pension administration application providing a solution with configurable rules, interface, and reporting, for medium to small sized businesses.
Fast Enterprises headquartered in Centennial offers FastUI, an integrated unemployment insurance tax and benefit administration platform for state agencies.
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Amino, headquartered in San Francisco, provides a digital healthcare financial wellness platform that integrates with existing healthcare benefits to help employees find, book, and pay for high value care.
VerifiaBill by Beneration aims to go above and beyond traditional “consolidated billing” by simplifying the entire financial operation around employee benefits billing.Employee benefits already involve too many vendors and payments, and the carrier invoices and benadmin data rarely…
Workforce Edge is presented as a streamlined and efficient online platform available via a free plan to manage a company's education benefit processes. It also brings a network of leading universities, boasting best-available pricing—while allowing employees to learn at any university…
Wiley Beyond partners with businesses to align the strategic needs of the company with talent strategy. The solution is designed to meet the specific skills employers need today and tomorrow.
PERKY is a customized decision support system guiding the way to smarter employee benefits decisions, from the company of the same name in Fairfield, New York. After answering a few questions, PERKY walks and talks team members through their health, wealth, and voluntary benefit…
Execupay offers their PlatinumHCM as a Payroll, HR and Time & Labor management solution that offers a unique combination of employee communication and workforce management. Also featuring applicant tracking, new hire onboarding, expense management, benefits administration, and online…
At Nayya offers a benefits administration solution, presented as a more transparent, less confusing way for employees to control their health and financial potential. Powered by billions of data points and machine learning, the benefits experience platform delivers personalized decision…
SumTotal’s Payroll and Benefits Management solutions come equipped with configurable tools in order to process error-free and timely pay and benefits every single time.
Crossover Health is a primary care medical group that combines advanced health management services and member experience within their employee health offering. The company designs and delivers a unique and comprehensive employee care experience for companies that understand the financial…
GalaxE.Solutions headquartered in Somerset offers GxCare, is an automated benefits administration system for medical and pharmacy claims, and part of the company's Gx suite of offerings.
Software for employers to streamline healthcare, cut costs, and care better for employees.Helps employers choose a monthly allowance to go towards employee healthcare Allowing members to shop for their own individual healthcare coverage Dashboard that allows users to engage, connect,…
Lumity is a data-driven benefits solution that combines deep benefits expertise, data insights, and software to holistically address the twin challenges of administering and delivering a better benefits experience for HR and employees. Lumity includes both the benefits administration…
Obeo Health is a benefit administration software solution built to help employers administer health care benefits to employees.
hCentive WebInsure Benefits is a quote-to-enroll benefits marketplace for benefits administration.
Connecture in Wisconsin offers the Connecture Private Exchange for health care shopper engagement and benefits administration.
COBRAGuard, from the company of the same name in Mission, Kansas, is a COBRA-centric benefits administration platform.
The PLEXIS Payer Platform is a benefits administration system from PLEXIS Healthcare Systems headquartered in Ashland, Oregon.
Healthx, headquartered in Indiana, offers their eponymous SaaS healthcare platform for benefits administration, health care user engagement, and usage analytics.
Virtual Benefits Administrator (VBA) is a cloud-based benefits administration platform from the company of the same name in Germantown, Wisconsin.
My Benefit Express is the flagship platform from benefitexpress headquartered in Schaumburg, Illinois, a cloud-based benefits enrollment and management suite.
Benelogic headquartered in Maryland offers Evolve, a configurable bespoke benefits administration platform.
Benefits Administration Software TrustMap
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What is Benefits Administration Software?
Benefits Administration Software is used to automate the process of managing employee benefits and eligibility, including medical insurance, pension & retirement, and PTO. It centralizes benefits data for administrator, manager, and employee visibility. This type of software also includes healthcare brokerages or marketplaces for use by employers and healthcare analytics platforms for decision optimization.
Benefits administration software saves time managing and scaling benefits administration processes. By centralizing benefits administration to a single platform, businesses can more easily monitor their own benefits expenses and budgeting. It also improves employees’ ability to self-serve their benefits information, such as selecting plans and accessing 3rd party providers. The solutions can also streamline and guide compliance with regulations like the Affordable Care Act.
Benefits administration software can be a standalone solution. However, much of the market consists of HR Management products and HCM suites that encompass some form of benefits administration. Standalone benefits administration software should integrate smoothly with other HR and finance systems. High-quality integrates enable automated data flow from system to system, eliminating the need to update information in multiple systems manually. Many systems are also modularized, so buyers only need to purchase the specific benefits administration features that the organization needs.
Benefits Administration Software Features & Capabilities
Benefits Record Management
Online Benefits Enrollment
Third-Party Carrier Integration
Document Management
Total Compensation Statements
Employee Self-Service Benefits Portal
Affordable Care Act reporting
Benefits Dashboards
Mobile Benefits Access
Integrations / APIs
Benefits Administration SoftwareComparison
When comparing benefits administration software, consider these factors:
Standalone Benefits Administration vs. HCM Suite: Does the organization already have an HR management system and only need to layer a point solution on top of it? Or should it adopt a comprehensive HCM suite? The full suite may be overkill for some organizations. In contrast, managing multiple HR systems can be more costly and limit long-term scalability in favor of specific best-of-breed features.
Benefits Marketplace: Does each option have a native benefits marketplace? If so, are there any limitations on provider options or advantageous terms of specific benefits providers? The quality and pricing of a given benefits marketplace can dramatically impact the overall TCO associated with a given platform.
Mobile Accessibility: Many employees will prefer to engage with HR systems mobily. Most leading benefits administration software will have some form of mobile app, but not all are created equal. Consider the ease of use and level of functionality that the mobile application actually supports to determine how well it will serve employees’ needs.
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Pricing Information
Sometimes, benefits enrollment systems are sold as part of a larger HR software suite, and pricing for the benefits administration component is rolled into the overall price. But for standalone products, there are different pricing models.
Two of the most common are a monthly flat fee, or a flat fee minimum plus a per employee, per month license. The latter is dependent on the number of employees in the system which may act as a brake on adoption. Under this scenario, common pricing is a flat fee of $30 to $200 or more, depending on capabilities, plus a per employee price of $10 to $20.