You are the insurance agent for multiple small businesses. Your clients trust you and look to you for information on ways to make beenfits more affordable and simple.
Benefits and HR go hand in hand. Many times there is one person managing the payroll, the HR, the benefits, etc. etc. etc. Help ease the burden by bundling benefits with cbg|CONFIDENT and offering some help in a few areas below.
Effectively managing benefits and ensuring employees are offered the right coverage at the right time is a complex and time-consuming task to manage. That’s just the tip of the benefits iceberg.
The Affordable Care Act folds in an additional layer of complexity. If you employed an average of 50 or more full-time (or full-time equivalent) employees in the prior calendar year, you could be subject to an IRS penalty if you don’t offer medical coverage to your full-time employees. State and local health care mandates may require you to offer additional coverage or benefits.
From basic benefits like medical and dental coverage, to health care flexible spending accounts and life insurance, the list of benefits you’ll have to manage can grow quickly. cbg | CONFIDENT A+ rated carrier offers an online dashboard to manage ALL the benefits, even the ones not purchased through this carrier.
Having a rich benefits package is a healthy way to attract top talent. But without the proper technology infrastructure, you may be creating a nightmare for your HR department. Not to mention that you may be offering benefits your employees don’t value.
A sophisticated benefits management software can help take the guess work out of your benefit offerings and put powerful knowledge into the hands of your administrators, drastically reducing the occurrence of eligibility oversight and improving benefit usage rates. We can help you offer that to your clients.
Many top HR tech tools in the benefits management realm offer dashboards for a quick glimpse into benefits usage. Some offer the ability to dive into the analytics associated with your employees’ benefits usage, so you explore whether you’re offering the appropriate mix of benefits and begin to predict future costs to stabilize your fiscal planning. Request a demo for this platform here.
It should come as no surprise that many employee benefits are underutilized. Many times, the case is that employees weren’t aware of the offering or didn’t know how to enroll. The right HR technology can solve both problems, helping build stronger affinity toward your business.
A benefits management system with integrated decision-making tools can provide supplemental education to your employees so they can better understand and see the value in their benefits choices, including the cost to them or their family.
You can also be more proactive in alerting employees to key enrollment periods. Since life events such as marriage and the birth of a child are the norm, easy access to make changes through your benefits management system can provide simplicity toward helping ensure your employees’ changing families are properly covered.
Add all this together and employees can really begin to appreciate all your benefit offerings.
Your key takeaway
Estabish your goals as an agent and expanding your business. We have the tools to start conversations and instroduce quality employee benefits. As much as software and top HR tech tools can help your client’s business run better, grow faster and make more money, it’s the people who matter at the end of the day. Your ability to provide support and guidance is valuable.
Learn more about cbg | CONFIDENT and the carriers we distribute here.